Aquila European Renewables (AERI): Asset disposal update &amp; B Share Scheme Distribn

Aquila European Renewables

Asset disposal update & B Share Scheme Distribn | Company Announcement | Investegate Fundraise Welcome About Contact Us Help Home Companies Advanced search Archive UK Short Positions Meetings UK Newswire New Login Register Asset disposal update & B Share Scheme Distribn Summary by AI BETA Close X Aquila European Renewables plc has completed the disposal of its Greek wind asset, Desfina, for approximately €26 million and will distribute approximately €20 million to shareholders under its B Share Scheme. This second return of capital follows an initial distribution of €34 million in January 2026 and represents approximately 25% of the company's Net Asset Value as of December 31, 2025. The company intends to continue asset realisations and return capital to shareholders as proceeds are received, with the Second Return of Capital expected to be paid on April 1, 2026, equivalent to 5.4 cents per ordinary share. Disclaimer* Aquila European Renewables PLC 17 March 2026 &#160; THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO MAY RESULT IN THE CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH JURISDICTION 17 March 2026 Aquila European Renewables plc Update on disposal of Greek wind asset and B Share Scheme Second Distribution Aquila European Renewables plc ("AERI" or the "Company"), the London-listed investment company advised by Aquila Capital Investmentgesellschaft mbH ("Aquila Capital" or the "Investment Adviser"), today announces an update on the disposal of its Greek wind asset and proposals for the second distribution to be made to Shareholders pursuant to the B Share Scheme. Update on disposal of Greek wind asset On 13 March 2026, the Company completed the sale of its Greek asset, Desfina, for a total consideration of approximately &#8364;26 million, following receipt of regulatory and other customary approvals in February 2026. Second Return of Capital Following the recent completion of the Desfina disposal, and having reviewed the Company's liquidity with a prudent assessment of expected cash flows from the remaining portfolio over the next 12-18 months, the Board has resolved to make a second capital distribution to Shareholders under the approved B Share Scheme totalling approximately &#8364;20 million (the "Second Return of Capital "). The Second Return of Capital follows the Initial Return of Capital (as defined in the Company's announcement dated 13 January 2026) of approximately &#8364;34 million completed in January 2026. &#160; &#8364;m Cash 12.2 Desfina disposal proceeds 26.0 Disposal costs 1 ( 3.3) Initial and Second Return of Capital costs 2 (0.5) 24 months working capital provision (8.6) Future managed wind down related legal costs provision (1.4) Cash available 24.4 Support for investments provision (3. 7 ) Cash available for distribution 20.7 1.&#160;&#160;&#160;&#160; Includes Financial Advisory fees related to disposals completed to date and legal costs for Desfina. 2.&#160;&#160;&#160;&#160; Includes a broker commission of 0.5 per cent of all amounts distributed. Note: Figures are subject to rounding. Managed wind-down In aggregate, the Initial Return of Capital and Second Return of Capital represent approximately 25 per cent. of the Company's Net Asset Value as at 31 December 2025. The Company continues to progress asset realisations and intends to return capital to shareholders as proceeds are received.&#160;There is no guarantee that disposals will achieve NAV. Approved B Share Scheme B Shares will be allotted and issued to Shareholders pro rata to their holdings of Ordinary Shares as at the record date (as set out in the timetable below) for the issue of the B Shares. The Company will not allot or issue any fractions of B Shares and entitlements of each Shareholder will be rounded down to the nearest whole B Share. The B Shares have only very limited rights. The rights and restrictions attached to the B Shares are fully set out in Part 3 of the Company's circular which was issued on&#160;15 December 2025&#160;(the "Circular"). Shareholders can access the Circular at&#160; https://www.aquila-european-renewables.com/ . No share certificates will be issued for any B Shares allotted and no CREST accounts will be credited with any such shares. No application will be made for the B Shares to be admitted to listing on the Official List or to trading on the&#160;London Stock Exchange's&#160;main market for listed securities and the B Shares will not be listed or admitted to trading on any other recognised investment exchange. B Shares will be issued and redeemed by the Company's registrar,&#160;Computershare Investor Services PLC. Each redemption of B Shares will be undertaken at the option of the Company. It is expected that redemption will occur shortly after each date of issue and allotment of B Shares, when all of the B Shares then in issue will be compulsorily redeemed and cancelled in accordance with their terms for an amount not exceeding the amount treated as paid up on the B Shares. Following the redemption and cancellation of the B Shares, the redemption proceeds will be sent to Shareholders either through CREST to uncertificated Shareholders or via cheque to certificated Shareholders. Second B Share Scheme Distribution Pursuant to the authority received from Shareholders at the general meeting held on&#160;8 January 2026, the Board has resolved to make the Second Return of Capital to Shareholders via an issue of B Shares. B Shares of&#160;one cent&#160;each will be paid up from the Company's special distributable reserve and issued to all Shareholders by way of a bonus issue on the basis of 54 B Shares for every 10 Ordinary Share held at the Record Date of&#160; 24 March 2026. The ex date is&#160; 23 March 2026. The B Shares will be issued on&#160; 26 March 2026&#160;and immediately redeemed at&#160;one cent&#160;per B Share. The Redemption Date in respect of this B Share issue is therefore&#160; 26 March 2026. The proceeds from the redemption of the B Shares, which is equivalent to&#160;5.4 cents&#160;per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders.&#160; Shareholders should note that the default payment currency is euro. However, Shareholders may elect to receive their Second Return of Capital in Sterling. Shareholders who previously elected to receive dividends or the Initial Return of Capital in sterling will have that election carried forward and applied as the default payment currency for the Second Return of Capital. Shareholders may change their currency election (euro or sterling) by either (i) submitting a currency election via CREST (for CREST holders), or (ii) providing written instructions to the Company's Registrar, Computershare Investor Services PLC, by email to WebCorres@computershare.co.uk , in each case prior to the Record Date of 24 March 2026. Timetable for the Second Return of Capital Ex Date in respect of the Initial Return of Capital 23 March 2026 Record Date in respect of the Initial Return of Capital 24 March 2026 Issue and allotment of B Shares in respect of the Second Return of Capital 26 March 2026 Redemption Date in respect of the Second Return of Capital 26 March 2026 Payment date: (i) cheques posted to Shareholders; and (ii) CREST holders credited with funds, in each case in respect of the Second Return of Capital 1 April 2026 &#160; Defined terms used in this announcement have the meanings given in the Circular which may be found on the Company's website unless the context otherwise requires. LEI: 213800UKH1TZIC9ZRP41 Enquiries: Apex Listed Companies Services (UK) Limited (Company Secretary) &#160; +44 (0) 20 3327 9720 Deutsche Numis (Corporate Broker) Hugh Jonathan&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; George Shiel &#160; +44 (0) 20 7260 1000 www.aquila-european-renewables.com I

Asset disposal update &amp; B Share Scheme Distribn

Asset disposal update & B Share Scheme Distribn