Net Asset Value and Dividend Announcement

Greencoat UK Wind PLC

29 January 2024

 

29 January 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN.

GREENCOAT UK WIND PLC

(the "Company")

Net Asset Value and Dividend Announcement

Net Asset Value / Net Asset Value per share	£3,794.0 million / 164.1 pence
Dividend / Dividend per share	3.43 pence

The Company announces that its unaudited Net Asset Value as of 31 December 2023 is £3,794.0 million (164.1 pence per share).

The Company's December 2023 Factsheet is available on the Company's website, www.greencoat-ukwind.com.

As previously announced on 26 October 2023, the Company will pay a quarterly interim dividend of 3.43 pence per share with respect to the quarter ended 31 December 2023 and has increased its target dividend for 2024 to 10 pence per share, increased above the Retail Prices Index for December 2023.

Stephen Lilley, Investment Manager of Greencoat UK Wind plc, said

"Having a clear objective of providing our shareholders with an attractive, RPI-linked dividend and preserving capital on a real basis, we are delighted to increase our target dividend for 2024 to 10 pence per share, a significant increase above inflation. With the final dividend of 2023, since listing we will have paid over £1 billion to shareholders whilst reinvesting c.£900 million of excess cashflow in growing our net generating capacity. Taken together, this approach results in UKW delivering net returns to investors on NAV of 10%."

Dividend Timetable

Ex-dividend date         15 February 2024

Record date                 16 February 2024

Payment date               29 February 2024

The Company advises that it will release its annual results for the period to 31 December 2023 on Thursday 29 February 2024. A presentation for analysts and investors will take place at 9.30am via a conference call. To register for the event please notify Headland, either by email to [e-mail] or by telephone on [phone].

Presentation materials will be posted on the Company's website, www.greencoat-ukwind.com, from 9.00am.

For further information, please contact:

Greencoat UK Wind PLC                  020 7832 9425

Stephen Lilley

Laurence Fumagalli

Matt Ridley

Notes to Editors:

Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in 49 operating UK wind farms with net generating capacity of 2,007MW. The Company's aim is to provide investors with an annual dividend that increases in line with RPI inflation (10p for 2023) while preserving the capital value of its investment portfolio in the long term on a real basis through reinvestment of excess cash flow.

UKW provides investors with the opportunity to participate directly in the ownership of UK wind farms, so increasing the resources and capital dedicated to the deployment of renewable energy and the reduction of greenhouse gas emissions.

UKW is managed by an experienced team at Schroders Greencoat LLP, a leading European renewable investment manager with over £10 billion of assets under management. UKW is governed by a strong and experienced independent board.

UKW is incorporated in England and Wales and is a UK Investment Trust.

For more information about UKW, please visit http://www.greencoat-ukwind.com

For more information about Schroders Greencoat LLP, please visit http://www.schrodersgreencoat.com

Disclaimer

This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia), Australia, Canada, New Zealand, South Africa or Japan. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not contain or constitute an offer for sale of, or the solicitation of an offer or an invitation to buy or subscribe for, Ordinary Shares to any person in the United States, Australia, Canada, New Zealand, South Africa or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

The Company will not be registered under the US Investment Company Act of 1940, as amended. In addition, the Ordinary Shares referred to herein have not been and will not be registered under the US Securities Act of 1933 (the "Securities Act") or under the securities laws of any state of the United States and may not be offered or sold in the United States or to or for the account or benefit of US persons absent registration or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable State securities laws. The offer and sale of Ordinary Shares referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of any state, province or territory of Australia, Canada, New Zealand, South Africa or Japan. Subject to certain exceptions, the Ordinary Shares referred to herein may not be offered or sold in Australia, Canada, New Zealand, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, New Zealand, South Africa or Japan. There will be no public offer of the Ordinary Shares in the United States, Australia, Canada, New Zealand, South Africa or Japan.

 

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