DAVY VIEW

The disposal of a sizeable stake in Gode offshore wind farm (15.2% stake for a consideration of €100m) confirms TRIG’s progress towards its RCF borrowing reduction and other capital allocation targets. Further, the recycling of capital out of assets at a premium to net asset value (the consideration represents a 9% premium to Dec-2023 net asset value) to buy back its own stock (currently trading at a 17% discount to NAV) also represents strong management of capital. TRIG is scheduled to report its interim results on August 9th.