Dublin, December 23, 2015: NTR plc (“NTR”) today announces that Legal & General Capital has committed to funding up to 47.5% of a wind investment fund targeting €250m of equity, which was launched by NTR to invest in onshore wind projects in Ireland and the UK. NTR will also be a significant investor in the fund with a €50m commitment and it is anticipated that a select number of other investors will join the fund in Q1 2016. At 270MW in capacity, the total capital that would be required amounts to approximately €670m and the wind projects in the fund would generate sufficient electricity to power up to 170,000 homes and avoid more than 300,000 tonnes of CO2 emissions per annum across Ireland and the UK.
Shareholders will be contacted directly or through their nominee account holders over the coming days with details around the share redemption process. Shareholders will have five opportunities to redeem their shares between 2nd December 2015 and 8th April 2016. Details regarding the process and associated taxation matters are provided in the attached document. Shareholders with queries should contact the company registrars, Capita Asset Services at +353 1 5530050. Click "find out more" for further details.