Full details on the Ecofin Water & Power Opportunities Plc corporate action, including instructions on how to participate, the options available to you, and any deadline applicable.
Ecofin Water & Power Opportunities Plc - Mandatory Event with Elections

Ecofin Water & Power Opportunities Plc - Mandatory Event with Elections

Corporate action reference 201601272

Further to our previous correspondence, please refer to the following updated information.

The Cash Exit will be capped at 50% of EWPO’s net assets less the costs of the Reconstruction Proposals (please note that the level of Cash Exit being offered to Shareholders has increased from the 35% Cash Exit announced previously).

Shareholders will also receive shares in EF Realisation on the basis of one EF Realisation Share for every four Shares held in EWPO (with fractional entitlements rounded down to the nearest whole number) whether or not they make an Election for the Cash Exit.

Please note we must be in receipt of your instruction by 6 September 2016

EVENT TERMS:

Record Date: 13 September 2016 (18:00)

Following approval at a General Meeting held on 24 June 2016 the Company is proposing continuance of the Company as a Closed-Ended Investment Company to enable the Company to put forward proposals for a Scheme of Reconstruction under Section 110 of the Insolvency act 1986.

The Scheme of Reconstruction will be subject to approval at first and second General Meetings to be held on or around 31 August and 9 September 2016 respectively.

Under the Scheme of Reconstruction, the Company proposes that shareholders will receive for each share held:

1 new Ordinary Share in Ecofin Global Utilites & Infrastructure Trust, a newly incorporated Investment Trust and 1 new Ordinary Share in a newly incorporated investment company, EF Realisation which will hold the illiquid assets of the Company

and /or

Partial cash exit:

A cash exit offer will be available in respect of up to 35% of the issued share capital.

Holders may be able to apply for more than their basic entitlement under the cash exit with such elections satisfied to the extent that other shareholders do not make cash elections.

As you hold your shares with a nominee you may have your election scaled back by a greater or lesser percentage than you would if you held your shares in your own name.

EVENT OPTIONS:

Option 1 - Securities Option (Default)

Option 2 - Partial Cash Exit

To reply to this event, please use the below link stating which option you would like to take.

Please quote corporate action reference 201601272

IF YOU WISH TO ACCEPT THE SECURITIES OPTION, OPTION 1, PLEASE DO NOT REPLY.

ADDITIONAL INFORMATION

We will aim to update your account within five business days of receiving the proceeds.

Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.

By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.

Please note that this page does not constitute investment or tax advice. If you are unsure of what option to take, or if you are in any doubt as to your tax position, please contact your financial advisor.

If you are an ISA or SIPP client your options may differ.

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