Greencoat UK Wind Dividend announcement

[lansdown]

RNS Number : 4562N
Greencoat UK Wind PLC
23 January 2023


GREENCOAT UK WIND PLC

(the "Company")

Net Asset Value and Dividend Announcement

Net Asset Value / Net Asset Value per share

£3,873.2 million / 167.1 pence

Dividend / Dividend per share

£44.7 million / 1.93 pence

The Company announces that its unaudited Net Asset Value as of 31 December 2022 is £3,873.2 million (167.1 pence per share).

The Company's December 2022 Factsheet is available on the Company's website,www.greencoat-ukwind.com.

The Company also announces a quarterly interim dividend of 1.93 pence per share with respect to the quarter ended 31 December 2022 and an increase in the target dividend for 2023 to 8.76 pence per share, increased in line with the Retail Prices Index for December 2022.

Stephen Lilley, Investment Manager of Greencoat UK Wind plc, commented


"We are pleased to announce a material increase in the Net Asset Value to 167.1p per share, an increase in the fourth quarter of 12.1p and in the year of 33.6p. This increase is a consequence of cash generation (dividend cover of 3.2x for 2022) and increased short term power prices. With clarity on the Electricity Generator Levy, we have been able to release some of the discount that we apply to short term power prices, whilst fully including the levy into the Net Asset Value. The forward curve for short term power prices (used in the Net Asset Value) has reduced from the level seen in Q3, and is at a similar level to that used in the Q2 Net Asset Value. We took the prudent decision not to include the higher Q3 forward curve in our Q3 Net Asset Value.



"During the year, we have also increased the discount rate back to the rate at our IPO in 2013, reflecting the increased interest rate environment. An increased discount rate, means an increased return to investors. Our levered discount rate of 10% (unlevered 8%) delivers a 9% net return to investors with a significant amount of reinvestment supplementing the dividend yield.

"We are also pleased to announce our 10th successive RPI increase in dividend per share to 8.76p, reflecting December's RPI of 13.4%. UKW will continue to provide investors with a sustainable dividend increasing in line with RPI, as it has done so every year since IPO."


Dividend Timetable

Ex-dividend date 9 February 2023

Record date 10 February 2023

Payment date 24 February 2023


The Company advises that it will release its annual results for the period to 31 December 2022 on Thursday 23 February 2023. A presentation for analysts and investors will take place at 9.30am via a conference call. To register for the event please notify Headland, either by email toukwind@headlandconsultancy.comor by telephone on +44 (0)20 3805 4822.

[lansdown]

RNS Number : 9023X
Greencoat UK Wind PLC
28 April 2023

28 April 2023



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")



Net Asset Value and Dividend Announcement



Net Asset Value / Net Asset Value per share

£3,856.2 million / 166.3 pence

Dividend / Dividend per share

£50.8 million / 2.19 pence



The Company announces that its unaudited Net Asset Value as of 31 March 2023 is £3,856.2 million (166.3 pence per share).



The Company's March 2023 Factsheet is available on the Company's website,www.greencoat-ukwind.com.



The Company also announces a quarterly interim dividend of 2.19 pence per share with respect to the quarter ended 31 March 2023.



Dividend Timetable

Ex-dividend date 11 May 2023

Record date 12 May 2023

Payment date 26 May 2023