Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Greencoat UK Wind PLC on Monday said it has renewed its investment management agreement with Greencoat Capital LLP by four years from April 1.
The London-based renewable energy infrastructure investor added that some changes have been made to the pact. Fees charged in respect of net asset value over £3 billion have been reduced to 0.7%.
Greencoat Capital has been Greencoat UK Wind's investment manager since it became a public company in 2013. ‘During that period, UKW has delivered a market-leading total return to shareholders of approximately 150% including 59.7p per share in dividends,’ Greencoat UK Wind said.
Greencoat UK shares were 0.2% higher at 155.55 pence each in London on Monday morning.
Copyright 2022 Alliance News Limited. All Rights Reserved.