London Stock Exchange welcomes Aquila Energy Efficiency Trust to the Premium Segment of the Main Market

London Stock Exchange today welcomes Aquila Energy Efficiency Trust PLC to the Main Market under the ticker “AEET”, after it raised gross proceeds of £100m under the Issue at an issue price of 100 pence per ordinary share resulting in a market capitalisation of £100m at Admission.

Chair of Aquila Energy Efficiency Trust PLC, Miriam Greenwood, said: “We are delighted with the positive response from investors to our Initial Public Offering, reflecting the demand for this asset class that offers sustainable returns alongside excellent impact and ESG credentials with limited power price exposure. With these proceeds we look forward to working with Aquila Capital to create a diverse portfolio of investments that will deliver consistent returns and help major corporates play their part in reducing carbon emissions across Europe. We would like to thank all our new shareholders for their support in the successful IPO and we will now work towards deploying the net proceeds to provide an asset backed combination of sustainable income and capital growth in a timely manner.”

Alex Betts, Senior Investment Manager of Aquila Capital said: “We are pleased with this successful fundraise for Aquila Energy Efficiency Trust and look forward to the listing of the Company on the premium segment of the Main Market of the London Stock Exchange to focus on energy efficiency investments that offer high impact energy solutions from proven technologies. We are delighted with this endorsement of Aquila Capital’s track record in this increasingly important sector, which places us in an excellent position to capitalise on the significant investment opportunities that exist in the European energy efficiency market. Coinciding with broader corporate and international policy objectives necessary to meet climate obligations, we feel this is a sector that will see sustained growth for years to come. We welcome our new shareholders and look forward to deploying the proceeds in attractive investments in line with our investment strategy.”

Advisers to the Company

Peel Hunt LLP – Sole Sponsor and Bookrunner

CMS Cameron McKenna Nabarro Olswang LLP – Solicitors

Buchanan – Financial PR

Quick facts

Market: Main Market
Instrument market cap (£m)
Listing/Admission to trading
02 Jun 2021
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