Triple Point Energy Transition plc

(“TENT”, the “Company” or together with its subsidiaries, the “Group”)

Completion of Asset Sale

Triple Point Energy Transition plc (ticker: TENT), is pleased to announce that the sale of an LED Facility described in the Circular sent on 5 March 2024, and approved by Shareholders on 22 March 2024, has completed.

The sale has been transacted with TP Leasing Limited (“TPLL“), a member of the group of the Company’s investment manager Triple Point Investment Management LLP and will result in a return of £2.1m to the Company, representing the outstanding loan balance.

Background

In September 2023, the Group, via TENT Holdings Limited, provided a £2.3 million receivables financing facility to Boxed Light Services Limited (“Boxed“) (the “LED Facility“). Boxed installs efficient LED lights and controls at Places for People Homes Limited sites, part of the Places for People group, one of the UK’s leading social enterprises. 

John Roberts, the Company’s Chair commented:

“We are delighted with this strong start to TENT’s orderly realisation process, which was approved by shareholders on Friday 22 March 2024. The completion of this sale reduces the number of investments within the Group’s portfolio from 19 to 18 investments. We will continue to update the market on the orderly realisation process and on our plans for returning capital to shareholders.”