1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
RENEWABLE ENERGY GENERATION LIMITED
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:
ECOFIN WATER & POWER OPPORTUNITIES PLC
4. Full name of shareholder(s) (if different from 3.):
Citibank CREST Acct: 14XJF
Sub A/C 6908907013
5. Date of the transaction and date on which the threshold is crossed or reached:
30.01.2012
6. Date on which issuer notified:
02.02.2012
7. Threshold(s) that is/are crossed or reached:
4%
8. Notified details:
A: Voting rights attached to shares
Class/type of shares
if possible using the ISIN CODE
Situation previous to the triggering transaction
Resulting situation after the triggering transaction
Number of Shares
Number of Voting Rights
Number of shares
Number of voting rights
% of voting rights
Direct
Direct
Indirect
Direct
Indirect
Ordinary shares of 10p each
3,029,145
3,029,145
4,254,145
4,254,145
4.12
JE00B3B67P11
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument
Expiration date
Exercise/ Conversion Period
Number of voting rights that may be acquired if the instrument is exercised/ converted.
% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument
Exercise price
Expiration date
Exercise/ Conversion period
Number of voting rights instrument refers to
% of voting rights
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
4,254,145
4.12%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Citibank is prime broker for Ecofin Water & Power Opportunities plc.
Proxy Voting:
10. Name of the proxy holder:
n/a
11. Number of voting rights proxy holder will cease to hold:
n/a
12. Date on which proxy holder will cease to hold voting rights:
n/a
13. Additional information:
Phoenix Administration Services Limited
- Corporate Secretary & Administrator
14. Contact name:
Duncan Hayes
15. Contact telephone number:
01245 398950
This information is provided by RNS
The company news service from the London Stock Exchange
Ecofin Water & Power Opportunities plc (the "Company") announces that its Review for December 2011 is now available to view and download on the Company's web-pages at:
The content of the Company's web-pages and the content of any website or pages which may be accessed through hyperlinks on the Company's web-pages, other than the content of the Monthly Review referred to above, is neither incorporated into nor forms part of the above announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
Ecofin Water & Power Opportunities plc (the "Company") announces that the Directors have today declared a third interim dividend for the year to 31 March 2012 in an amount of 1.625p per Ordinary Share. The third interim dividend will be payable on 29 February 2012 to holders of Ordinary Shares on the Register at the close of business on 17 February 2012 (ex-dividend 15 February 2012).
It is announced that at the close of business on 1 February 2012, the un-audited Net Asset Values per Ordinary Share and ZDP Shares of the above investment trust company were:-
Share Class
NAV (p)
Increase / (Decrease)
Absolute movement
(inc. undistributed revenue)
%
pence
Ordinary Shares
165.68
1.16
1.90
Ordinary Shares (dilutive)*
n/a
n/a
n/a
ZDP Shares
117.41
0.02
0.02
*The Company's Subscription Shares and 6% Convertible Unsecured Loan Stock 2016 in issue may, but not necessarily will, dilute the Ordinary Shares' Net Asset Value.
Where no dilution of Net Asset Value takes place the value box on this line will indicate "not applicable".
The diluted NAV assumes that the subscription shares rights have been exercised at 183p, being the exercise price for the period 1 June 2011 to 31 May 2012 (both dates inclusive) and that the 6% Convertible Unsecured Loan Stock has been converted at the conversion price of 172.6445p.
Fund Values (rounded)
£ '000
£ '000
Total Assets (less cash at bank)
547,155
Cash at Bank
-426
Total Assets
546,729
Borrowings:
Prime Brokerage
49,652
6% CULS 2016
79,026
ZDP Shares
70,446
199,124
Net Assets (Ordinary Shareholders Funds)
347,605
Gearing (net debt/net assets) *
57.4%
Net debt is bank debt, the Convertible Unsecured Loan Stock and the Zero Dividend Preference Shares, less cash at bank
Notes:
* The total assets of the Company include an equity investment of £21.3 million in EIH Cyprus Group which is a joint venture between the Company and other funds managed by the Investment Manager, Ecofin Limited. 88.2% of the assets of EIH Cyprus are in cash representing the proceeds of the sale of one of the Company's investments, Solel Limited. If the above Cash at Bank figure was adjusted for this, the Company's gearing would decline from 57.4% to 52.0%.
The total assets of the Company also include approximately £87.19m in bonds. Adjusted for this, the total equity exposure of the Company is 132.20% of net assets. Adjusted for the bonds and the cash held by EIH Cyprus Group, the equity exposure of the Company is 126.09%.
Phoenix Administration Services Limited
Corporate Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
Hello Chard,
I saw you over at MERE and IFD in which I have also holdings in addition to ECWO which I recently bought into. At this price, the downside risk seems limited even though the managers bag 1.5% for managing this trust ...
Good morning. I've just bought my first few ECWO shares. Not a bad dividend yield and a large discount to NAV. Probably won't be a stellar performer, but I hope that it will be a steady one.
The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
