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The Renewables Infrastructure Group (TRIG)

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gnawsome
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Re: The Renewables Infrastructure Group (TRIG)

#489149

Postby gnawsome » March 25th, 2022, 1:22 pm

idpickering wrote:Result of the Issue and Primary Bid Offer.

· £277.3 million raised through the issue of 210,104,535 New Ordinary Shares, being the maximum permitted under the Company's tap authority

· Strike price of 132p per Share

· Proceeds to be used for the completion of the acquisition of Hornsea One and repaying drawings under the RCF

Further to its announcement of 17 March 2022, the Board of TRIG is pleased to announce that the Company has raised gross proceeds of approximately £277.3 million through the issue (by way of placing) of 210,104,535 new ordinary shares in the capital of the Company (the "New Ordinary Shares"), being the maximum available under the Company's general authority to disapply pre-emption rights taken at the last AGM, at a price of 132p (the "Strike Price") per New Ordinary Share (the "Issue"). There was strong institutional and retail demand for the Issue, at a range of prices, and applications have been scaled back at the Strike Price.

The Company will issue 206,156,691 New Ordinary Shares pursuant to the Issue and 3,947,844 New Ordinary Share pursuant to the PrimaryBid Offer.


https://www.investegate.co.uk/renew-inf ... 23229436F/


Looking at the price on the day after...
To buy: 1.3228 plus £1 levy (fees covered) so that looks like it would cost me £29 to buy just how many I want and in the place that I want so it's make my mind up time

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#489168

Postby idpickering » March 25th, 2022, 2:24 pm

gnawsome wrote:
Looking at the price on the day after...
To buy: 1.3228 plus £1 levy (fees covered) so that looks like it would cost me £29 to buy just how many I want and in the place that I want so it's make my mind up time


I hold TRIG, and am happy to do so, but won't be topping up my holdings currently as I'm put off by the 12% premium, as indicated on HL here; https://www.hl.co.uk/shares/shares-sear ... up-ord-npv .

Ian.

gnawsome
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Re: The Renewables Infrastructure Group (TRIG)

#489173

Postby gnawsome » March 25th, 2022, 2:42 pm

idpickering wrote:
gnawsome wrote:

I hold TRIG, and am happy to do so, but won't be topping up my holdings currently as I'm put off by the 12% premium, as indicated on HL here; https://www.hl.co.uk/shares/shares-sear ... up-ord-npv .

Ian.

Now you've made me feel like the lad who sold the cow for the magic beans...

daveh
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Re: The Renewables Infrastructure Group (TRIG)

#490633

Postby daveh » March 31st, 2022, 4:00 pm

Trig purchases stake in Spanish solar farm:
https://www.investegate.co.uk/renew-inf ... 45198015G/

Acquisition of an operational solar PV site in Spain

TRIG has acquired a 49% equity interest in Project Valdesolar, an operating solar park in the province of Badajoz, Spain, (the "Project" or "Valdesolar"), from Repsol ("Repsol"), a Spanish-listed global energy company.

Valdesolar represents approximately 3% of TRIG's portfolio, by value. Together with the Cadiz solar projects, this acquisition further enhances TRIG's technological and geographical diversification. Following this acquisition, Spain represents 8% and solar PV 15% of the Company's portfolio.

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#492368

Postby idpickering » April 7th, 2022, 7:05 am

Scrip Dividend Circular.

The Scrip Dividend Circular for the Company has today been posted to shareholders who have elected to receive a printed copy. A copy of the document has also been submitted to the National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Copies of the document can also be obtained from the Company Secretary or from the Investors' section of the Company's website, at http://www.trig-ltd.com


https://www.investegate.co.uk/renew-inf ... 00055477H/

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#498690

Postby idpickering » May 5th, 2022, 4:47 pm

Dividend Declaration.

The Renewables Infrastructure Group Limited (the 'Company') is pleased to announce the first quarterly interim dividend in respect of the three month period to 31 March 2022 of 1.71 pence per ordinary share (the "Q1 Dividend"). The shares will go ex-dividend on 12 May 2022 and the Q1 Dividend will be paid on 30 June 2022 to shareholders on the register as at the close of business on 13 May 2022.

As previously, the Company is offering shareholders a scrip dividend alternative to the Q1 Dividend and the further three interim dividends for the financial year ending 31 December 2022, full details of which can be found in the Scrip Dividend Circular 2022 (the "Scrip Circular") available on the Company's website to view and/or download at http://www.trig-ltd.com in the Investors 'Reports and Publications' section. It is also available on the National Storage Mechanism website ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism ).

The reference price of the scrip shares in respect of the Q1 Dividend will be calculated and published on or around 19 May 2022.

Shareholders will receive the Q1 Dividend in cash, unless they have previously completed a standing election (a "Scrip Dividend Mandate") to receive scrip shares. Shareholders who would like to receive scrip shares rather than cash, and who have not previously submitted a Scrip Dividend Mandate, should complete the Scrip Dividend Mandate at the back of the Scrip Circular and return it to the Company's UK Transfer Agent, Link Asset Services, by no later than 5.00pm on 8 June 2022.


https://www.investegate.co.uk/renew-inf ... 49374822K/

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#502591

Postby idpickering » May 25th, 2022, 7:05 am

Publication of TRIG's 2022 Sustainability Report.

Publication of TRIG's 2022 Sustainability Report

TRIG has today published its 2022 Sustainability Report, detailing our ESG performance over the last year and the next steps on the Company's sustainability journey.

TRIG's Board and our Managers, InfraRed and RES, continue to work towards fulfilling TRIG's purpose of producing clean electricity, contributing to European energy security, and delivering shareholders sustainable, long-term returns.

Within this report, we outline our SFDR categorisation and results of the EU Taxonomy assessment undertaken on the portfolio. In addition, as a signatory to the Science Based Targets initiative (SBTi), the Company is measuring and disclosing its Scope 3 emissions for the first time.

The TRIG 2022 Sustainability Report can be found on the Company's website at the following link: https://www.trig-ltd.com/sustainability

Helen Mahy, CBE, Chairman of TRIG, said:

" Investing responsibly and being mindful of environmental, social and governance factors is essential for maintaining a sustainable business model over the long term, and remains at the heart of TRIG's strategy. I am pleased to present this report as further progress towards the Company's sustainability goals."

Richard Crawford, Head of Income Funds at InfraRed, said:

"Sustainability has long been central to how InfraRed invests and manages all of our funds, including TRIG. This report highlights how we and our colleagues at RES work to integrate sustainability throughout TRIG's business."


https://www.investegate.co.uk/renew-inf ... 00026543M/

Ian.

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#508403

Postby idpickering » June 20th, 2022, 7:13 am

Appointment of non-executive Director and succession of Chairmanship

The Board announces that Richard Morse will be appointed as a non-executive director of the Company with effect from 18 July 2022. Richard will then succeed Helen Mahy as Chairman of TRIG in Q4 2022 following a transition period.

Richard brings extensive experience in sustainable and regulated infrastructure investment, with a particular focus on the energy sector. He is a partner at Opus Corporate Finance, and was previously a partner at Greenhill & Co, a managing director at Goldman Sachs, and Deputy Director General at Ofgem. He also brings a wealth of experience in investment company governance, having been Chairman of JLEN Environmental Assets Group since its IPO in 2014.

The Board also announces that Tove Feld will assume the role of Senior Independent Director from John Whittle, who was recently appointed Chairman of the Audit Committee.

Helen Mahy CBE, Chairman of TRIG, said: "I am delighted to welcome Richard to the TRIG Board. He brings a wealth of relevant experience and is well placed to lead the Board in the future, as the Company continues to support the energy transition across Europe"

Richard Morse said: "I am extremely pleased to be joining the Board of TRIG. I look forward to working with InfraRed and RES to continue delivering sustainable returns from the Company's diversified portfolio of renewables infrastructure."


https://www.investegate.co.uk/renew-inf ... 00063341P/

I hold TRIG.

Ian.

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#515838

Postby idpickering » July 20th, 2022, 7:18 am

Incremental Investment in Hornsea One.

The Board of TRIG is pleased to announce that the Company has exchanged contracts to acquire a further 2.4% equity interest in the Hornsea One offshore wind farm (the "Project"), which is located off the coast of north-east England, from Global Infrastructure Partners (from whom the Company announced the acquisition of its original stake on 17 March 2022). Upon completion of this incremental investment, TRIG will hold a 10.2% interest in Hornsea One, with the Project representing 9% of TRIG's portfolio, by value.

Hornsea One is well suited to TRIG's strategy of balancing subsidised and unsubsidised revenues to deliver sustainable returns to shareholders and aligning with high quality counterparties.

The project benefits from:

· An inflation-linked Contract-for-Difference ("CfD") subsidy with 13 years remaining.

· Operational management of the windfarm by Orsted under a long-term operations & maintenance contract. Orsted also developed and built the farm using 174 Siemens 7MW turbines.

Hornsea One has demonstrated strong operational performance since operations commenced in 2020. With a generation capacity of 1.2GW and covering an area of 407km2, the project is the largest operational offshore wind farm in the world. The Project generates enough clean electricity to power more than one million homes.

All required consents have been received in respect of TRIG's initial investment in a 7.8% equity interest in the Project, which will complete this month. Completion of the incremental investment is expected to occur, following receipt of consents, by the end of Q3 2022.


https://www.investegate.co.uk/renew-inf ... 00050382T/

Ian.

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#518855

Postby idpickering » August 1st, 2022, 5:10 pm

Interim Dividend.

The Renewables Infrastructure Group Limited (the 'Company') is pleased to announce the second quarterly interim dividend in respect of the three month period to 30 June 2022 of 1.71 pence per ordinary share (the "Q2 Dividend"). The shares will go ex-dividend on 11 August 2022 and the Q2 Dividend will be paid on 30 September 2022 to shareholders on the register as at the close of business on 12 August 2022.

As previously, the Company is offering shareholders a scrip dividend alternative to the Q2 Dividend and the further two interim dividends for the financial year ending 31 December 2022, full details of which can be found in the Scrip Dividend Circular 2022 (the "Scrip Circular") available on the Company's website to view and/or download at http://www.trig-ltd.com in the Investors 'Reports and Publications' section. It is also available on the National Storage Mechanism website ( https://data.fca.org.uk/#/nsm/nationalstoragemechanism ).

The reference price of the scrip shares in respect of the Q2 Dividend will be calculated and published on or around 18 August 2022.

Shareholders will receive the Q2 Dividend in cash, unless they have previously completed a standing election (a "Scrip Dividend Mandate") to receive scrip shares. Shareholders who would like to receive scrip shares rather than cash, and who have not previously submitted a Scrip Dividend Mandate, should complete the Scrip Dividend Mandate at the back of the Scrip Circular and return it to the Company's UK Transfer Agent, Link Asset Services, by no later than 5.00pm on 7 September 2022.


https://www.investegate.co.uk/renew-inf ... 46373274U/

Ian.

idpickering
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Re: The Renewables Infrastructure Group (TRIG)

#519975

Postby idpickering » August 5th, 2022, 7:17 am

Announcement of Interim Results.

H1 2022 Key Highlights

- 134.2p Net Asset Value (NAV) per share1, increased by 12.5% since 31 Dec 2021 (119.3p)

- £3,236m Directors' portfolio valuation2, up 18.7% since 31 Dec 2021 (£2,726m)

- 6.84p dividend target reaffirmed for the year to December 2022 (2021: 6.76p)

- 1.39x dividend cover3 for the six months to 30 June 2022 (H1 2021: 1.28x)

- £442m invested year to date (H1 2021: 341m)

- 17.9p earnings per share (H1 2021: 1.8p)

Sustainability Key Highlights

- 960,000 tonnes of CO2 avoided4

- Portfolio capable of powering 1.7m homes with clean energy5

- Supporting 36 community funds with £1.2m budgeted for community contributions in 2021

- 0.52 reportable lost time accidents per 100,000 hours worked6

Helen Mahy, CBE, Chairman of the Company, said:

"In what will be my last set of results as Chairman, I am pleased to present a strong set of results for the first half of 2022.

I am proud of what TRIG has achieved in the nine years since IPO, and we continue to provide investors with resilient financial performance and access to a portfolio of renewables that contributes to decarbonisation and towards energy security in Europe."

Richard Crawford, of InfraRed Capital Partners said:

"Amidst a challenging wider market for investors, TRIG's portfolio continues to perform well and is benefitting from its defensive positioning against elevated levels of inflation and volatile commodity markets.

We have invested £442m in renewables year-to-date, with two thirds of this invested in the UK. Our construction projects continue to progress well, with the 35MW Blary Hill project being funded entirely from re-investment cash flows.

And later;

On 1 August 2022, the Company declared an interim dividend of 1.71 pence per share for the three-month period ended 30 June 2022. The dividend, which is payable on 30 September 2022, is expected to total £42,425,155, based on a record date of 11 August 2022 and the number of shares in issue being 2,481,003,209.


https://www.investegate.co.uk/renew-inf ... 00060136V/

Ian.

Gerry557
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Re: The Renewables Infrastructure Group (TRIG)

#520092

Postby Gerry557 » August 5th, 2022, 1:34 pm

Why do TRIG make it so difficult to access the webcast of the results?

Previously I have complained to the about this issue. Not available to private investors, poor sound and not recorded were other issues.

This time I was able to register from the 0700 RNS and received my instructions at 09.25! The meeting started at 09.00 and only lasted 45 min.


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