8 November 2022
Aquila European Renewables plc
(Previously Aquila European Renewables Income Fund plc)
Change of Name and Change of AIFM's Name
Change of Company Name
On 31 October 2022 the Board of Aquila European Renewables plc (the "Company") announced that the Board had resolved to change the registered name of the Company to "Aquila European Renewables plc" in order to maximise the appeal of the Company across a broader range of investors and other stakeholders. The Registrar of Companies has recently issued a replacement certificate of incorporation and accordingly, the change of name is now in effect.
As previously announced,
the trading symbols ( "TIDM") and ISIN code for the Company's ordinary shares listed on the London Stock Exchange will remain unchanged.
EUR TIDM: AERI
GBP TIDM: AERS
ISIN: GB00BK6RLF66
New share certificates are not being issued in respect of existing shares held in certificated form, so shareholders should retain their existing share certificates which will continue to be valid.
Change of Alternative Investment Fund Manager's Name
The Company also announces that the name of the Company's Alternative Investment Fund Manager ("AIFM") changed from Sanne Fund Management (Guernsey) Limited to FundRock Management Company (Guernsey) Limited with immediate effect. This follows the acquisition of Sanne Group plc by Apex Group Limited, effective from 5 August 2022.
All services provided to the Company by the AIFM will remain unchanged and there are no changes being made to the contractual arrangements between the Company and the AIFM.
Aquila Capital Investmentgesellschaft mbH remains the Company's Investment Adviser.
LEI Number: 213800UKH1TZIC9ZRP41
For further information please contact:
Media contacts:
Edelman Smithfield
Ged Brumby 07540-412301
Kanayo Agwunobi 07581-010560
Sponsor, Broker and Placing Agent
Numis Securities 020 7260 1000
Tod Davis
David Benda
Vicki Paine
NOTES
The objective of Aquila European Renewables Plc (the Company) 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.