Share Repurchase Programme during a Closed Period

18 October 2024

Foresight Environmental Infrastructure Limited

("FGEN" or the "Company")

Share Repurchase Programme during a Closed Period

In connection with the Company's £20 million share repurchase programme announced on 15 August 2024 ("Share Repurchase Programme"), FGEN announces that it has appointed Winterflood Securities Limited ("Winterflood") to manage the Share Repurchase Programme on an irrevocable basis ("Buyback Agreement") during FGEN's closed period relating to the publication of the Company's half-year report for the period to 30 September 2024 ("2024 Half-Year Report"). The Buyback Agreement provides an irrevocable instruction to Winterflood to repurchase ordinary shares within certain pre-set parameters during the period commencing today until the earlier of: (i) the publication of the 2024 Half-Year Report; and (ii) 31 December 2024.

The shares repurchased under the Buyback Agreement will be executed using the authority granted by shareholders at FGEN's 2024 annual general meeting held on 13 September 2024 to acquire up to 14.99% of its issued share capital at that time.

The Company confirms that it currently has no inside information.

For further information and enquiries, please contact:

About FGEN

FGEN's investment policy is to invest in a diversified portfolio of Environmental Infrastructure. Environmental Infrastructure is defined by the Company as infrastructure assets, projects and asset-backed businesses that utilise natural or waste resources or support more environmentally friendly approaches to economic activity, support the transition to a low carbon economy or which mitigate the effects of climate change. Such investments will typically feature one or more of the following characteristics:

· long-term, predictable cash flows, which may be wholly or partially inflation-linked cash flows;

· long-term contracts or stable and well-proven regulatory and legal frameworks; or

· well-established technologies, and demonstrable operational performance.

FGEN's aim is to provide investors with a sustainable, progressive dividend per share, paid quarterly and to preserve the capital value of the portfolio over the long term on a real basis. The target dividend for the year to 31 March 2025 is 7.80 pence per share¹. 

FGEN is an Article 9 fund under the EU Sustainable Finance Disclosure Regulation and has a transparent and award-winning approach to ESG.

Further details can be found on FGEN's website www.fgen.com and LinkedIn page.

LEI: 213800JWJN54TFBMBI68

(1) These are targets only and not profit forecasts.  There can be no assurance that these targets will be met or that the Company will make any distributions at all.