Business
Purchase of Shares for the Investment Adviser
Purchase of Shares for the Investment Adviser.
About this update from Aquila European Renewables Plc Registered
[{"type":"text","content":"\n\n7 August 2023\n \n \nAquila European Renewables plc\nPurchase of Ordinary Shares in Connection with the Payment of the Investment Adviser Fee\nAquila European Renewables plc (the \"Company\") announces that, in accordance with the Investment Advisory Agreement (\"IAA\"), it has purchased 831,701 Ordinary Shares (\"Investment Adviser Fee Shares\") in the Company at a gross price of €0.87 per Ordinary Share for Aquila Capital Investmentgesellschaft mbH, the Company's Investment Adviser, in order to satisfy the Company's Investment Adviser fee due for the period from 1 April 2023 to 30 June 2023. The purchase of the Investment Adviser Fee Shares equated to a net consideration of €728,289.73, including commission and stamp duty and was funded out of the Company's surplus cash. Details of the IAA were disclosed in the prospectus published by the Company on 17 September 2020.\nFollowing the transaction noted above, the Investment Adviser now holds an aggregate total of 9,790,810 Ordinary Shares, representing 2.54% of the Company's total Ordinary Shares in circulation.\nMedia contacts:\n Edelman Smithfield\nGed Brumby 07540-412301\nHamza Ali 07976 308914\n \nSponsor, Broker and Placing Agent\nNumis Securities 020 7260 1000\nTod Davis\nDavid Benda\nVicki Paine\n \nNOTES\nThe objective of Aquila European Renewables plc is to provide investors with an attractive long-term, income-based return in EUR through a diversified portfolio of wind, solar PV and hydropower investments across continental Europe and Ireland. Through the diversification of generation technologies, the seasonal production patterns of these asset types complement each other to balance the cash flow, while the geographic diversification serves to reduce exposure to one single energy market. In addition, a balance is maintained between government supported revenues, fixed price power purchase agreements (\"PPAs\") and market power price risk.\nwww.aquila-european-renewables.com\nLEI Number: 213800UKH1TZIC9ZRP41\n \nEND\n\n","length":3430,"tagName":"div"}]