The Renewables Infrastructure Group Limited (TRIG), a Guernsey-based closed-ended investment company specializing in renewable energy infrastructure across Europe, announced the repurchase of 985,378 ordinary shares on 4 September 2026 as part of its ongoing share buyback programme. The shares were acquired via BNP Paribas S.A. at a weighted average price of 76.11p each, with transactions executed across multiple UK and European trading platforms throughout the day. Post-purchase, TRIG holds 169,622,787 ordinary shares in treasury, while the total voting rights excluding treasury shares amount to 2,316,340,099.
Key Highlights The Renewables Infrastructure Group Limited (TRIG)
On 4 September 2026, TRIG bought back 985,378 ordinary shares under its share buyback programme, initially announced on 9 August 2024
The weighted average price paid was 76.11p, with the highest at 76.40p and the lowest at 75.40p
Investors should monitor cumulative treasury share holdings and upcoming buyback disclosures as the programme progresses
TRIG's 4 September Buyback Executed Across London Stock Exchange and Four Additional Venues
BNP Paribas S.A. facilitated the purchase of 985,378 shares across five trading venues on 4 September 2026. The London Stock Exchange (XLON) accounted for the majority with 883,232 shares at a weighted average price of 76.15p. The remaining shares were acquired on CBOE-CXE (41,744 shares at 75.72p), Aquis (32,170 shares at 75.86p), Turquoise (25,757 shares at 75.70p), and CBOE-BXE (2,475 shares at 75.50p). This multi-venue approach aligns with standard market practices for managing large institutional orders.
Treasury Shareholding Reaches 169,622,787 Following Latest TRIG Buyback
Following settlement of the 4 September transaction, TRIG's treasury shareholding stands at 169,622,787 ordinary shares, which the company intends to retain as treasury shares rather than immediately cancel. The total voting rights excluding treasury shares are 2,316,340,099. According to the FCA's Disclosure Guidance and Transparency Rules, this figure serves as the denominator shareholders must use when determining if they need to notify changes in their holdings.
Buyback Programme Supports TRIG's Renewable Infrastructure Strategy Since August 2024
TRIG's share buyback programme, announced on 9 August 2024, aims to return capital to shareholders when share prices reach levels deemed favorable by the board. TRIG invests in renewable energy infrastructure, including wind, solar, and battery storage assets across Europe. The buyback serves as a tool for managing the discount at which investment trust shares trade relative to net asset value, a key consideration for investors in the closed-ended fund sector.
BNP Paribas Serves as Sole Broker for TRIG's Ongoing Share Repurchases
BNP Paribas S.A., identified by intermediary code BNABFRPPXXX, acts as the exclusive broker for TRIG's buyback programme. The announcement details individual trades executed on 4 September 2026, with prices ranging from 75.40p to 76.40p throughout the session. All transactions were denominated in pence sterling (GBX) and conducted in the GMT time zone. The volume purchased in this session represents a significant single-day transaction relative to TRIG's total share capital.
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