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1 November 2018
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, BY ANY MEANS OR MEDIA, IN OR INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA, NEW ZEALAND, JAPAN, OR THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
GREENCOAT UK WIND PLC
Net Asset Value, Dividend and Long Term Debt Announcement
Net Asset Value/Net Asset Value per share
£1,301 million / 115.0 pence
Dividend/Dividend per share
£19.1 million / 1.69 pence
The Company announces that its unaudited Net Asset Value as of 30 September 2018 is £1,301 million (115.0 pence per share).
The Company's September 2018 Factsheet is available on the Company's website, www.greencoat-ukwind.com.
The Company also announces a quarterly interim dividend of 1.69 pence per share with respect to the quarter ended 30 September 2018.
Ex-Dividend Date 8 November 2018
Record Date 9 November 2018
Payment Date 30 November 2018
The Company also announces that it has refinanced all of the £245 million drawn under its £300 million revolving credit facility with £250 million of new term loans from National Australia Bank ("NAB") and Canadian Imperial Bank of Commerce, London Branch ("CIBC") with margins in the range 125-155bp. The Company's total outstanding borrowings are therefore £400 million, comprising fixed-rate loans of various maturities: £100 million due July 2022 with Commonwealth Bank of Australia ("CBA"); £75 million due November 2023 with NAB; £50 million due March 2025 with CBA; £100 million due November 2025 with CIBC; and £75 million due November 2026 with NAB.
For further information, please contact:
Greencoat UK Wind PLC 020 7832 9400
Estera Administration (U.K.) Limited - Company Secretary
Cheryl Surgeoner 028 9078 5868
This announcement is not for publication or distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the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, 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, 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, South Africa or Japan. Subject to certain exceptions, the Ordinary Shares referred to herein may not be offered or sold in Australia, Canada, South Africa or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, South Africa or Japan. There will be no public offer of the Ordinary Shares in the United States, Australia, Canada, South Africa or Japan.
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