Purchase of Management Shares

Triple Point Energy Transition PLC

11 April 2024

 

11 April 2024

Triple Point Energy Transition plc

(the "Company" or together with its subsidiaries, the "Group")

 Purchase of Ordinary Shares under the Investment Management Agreement

Triple Point Energy Transition (ticker: TENT) announces that, in fulfilling its outstanding obligations under the terms of the original Investment Management Agreement, Triple Point Investment Management LLP ("Triple Point" or the "Investment Manager"), has purchased 65,017 ordinary shares of £0.01 each in the capital of the Company ("Ordinary Shares") at an average price of 66 pence per share on 9 April 2024. Under that agreement, the Investment Manager shall procure 20 per cent. of the investment management fee by subscribing for or acquiring Ordinary Shares in the capital of the Company ("Management Shares"). This purchase of Management Shares was made by Perihelion One Limited ("Perihelion"), a company in the Triple Point Group.

The Triple Point Group now holds a total of 1,361,187 Ordinary Shares in the Company, representing approximately 1.36% of the total issued share capital.

For further information, please contact: Triple Point Investment Management LLP Jonathan Hick Christophe Arnoult [phone] J.P. Morgan Cazenove (Corporate Broker) William Simmonds Jérémie Birnbaum [phone] Akur Limited (Financial Adviser) Tom Frost Siobhan Sergeant [phone] Buchanan (Financial PR) Helen Tarbet Henry Wilson Verity Parker [phone]

LEI: 213800UDP142E67X9X28

Further information on the Company can be found on its website: http://www.tpenergytransition.com/

NOTES:

The Company is an investment trust which was established to invest in assets that support the transition to a lower carbon, more efficient energy system and help the UK achieve Net Zero. 

The Investment Manager is Triple Point Investment Management LLP ("Triple Point") which is authorised and regulated by the Financial Conduct Authority. Triple Point manages private, institutional, and public capital, and has a proven track record of investment in energy transition and decentralised energy projects.

On 22 March 2024, shareholders approved the Company's proposed orderly realisation of assets. Details of future divestments or returns of capital are expected to be announced via a Regulatory Information Service in due course.

 

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