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")
Revision to Investment
Management Agreement
The Board of Greencoat UK Wind today
announces that it has agreed with its investment manager, Schroders
Greencoat LLP, to revise the terms of the Investment Management
Agreement ("IMA") with effect from 1 January 2025. Under the terms
of the revised IMA, the current fee thresholds and rates applied
remain unchanged but the basis of the investment management fee
calculation will be the lower of market capitalisation and net
asset value. The revised IMA includes other immaterial
amendments.
Lucinda Riches, Chairman of Greencoat UK Wind,
said: "Following constructive
discussions with the Investment Manager, we are pleased to be able
to announce this revised fee structure which will foster even
stronger alignment with shareholders."
For
further information, please contact:
Greencoat UK Wind
PLC
020
7832 9425
Stephen Lilley
Matt Ridley
Ocorian Administration (UK) Limited
Company
Secretary 028
9693 0219
Josh
Finlay
Headland 020
3805 4822
Stephen Malthouse
Rob Walker
Charlie Twigg
ukwind@headlandconsultancy.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This announcement is not for
publication or distribution, directly or indirectly, in or into the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.