ThomasLloyd has published its prospectus for the ThomasLloyd Energy Impact Trust PLC (TLEIT), following its confirmation of its intention to float.
The global investment and advisory firm’s prospectus includes details of the intermediaries offer to enable to retail investor participation.
Intermediaries include AJ Bell, Equinti, (including EQ Shareview), Interactive Investor Services Limited and PrimaryBid Limited.
TLIET is looking to list on the premium segment of the London Stock Exchange, targeting up to $340 million to invest in sustainable energy infrastructure assets in fast-growing emerging economies in Asia.
Sue Inglis, chair of ThomasLloyd Energy Impact Trust PLC, said: “Whilst COP26 may not have achieved all that we might have hoped for, it is worth noting the Glasgow Climate Pact is the first ever COP decision explicitly to target action against fossil fuels.
“As the first ever dedicated emerging markets renewable energy offering to list on the London Stock Exchange, TLEI will be investing in the region where the need to address climate change is most urgent. Our investors’ capital will be used to achieve a positive and measurable environmental and social impact. We believe this impact, in conjunction with the prospective financial returns, is a compelling investment opportunity for investors.”
The Trust is to be seed funded by the UK government as part of the MOBILIST programme as announced on Finance Day at COP26.
Shares which are bought in the IPO or in the secondary market will be eligible to be held in a stocks and shares ISA. Shares will also be eligible for inclusion in a self-invested personal pension or a small, self-administered scheme subject to the discretion of the trustees of the SIPP or the SSAS.
Michael Sieg, chief executive officer at ThomasLloyd ,said: “A US dollar invested in sustainable energy infrastructure in Asia has a greater social and environmental impact than the same US Dollar spent in Europe or North America.
“This US dollar has more purchasing power, buying more land on which to build and generate more renewable energy and creating greater numbers of employment opportunities. We look forward to deploying the net proceeds of the IPO into an already identified pipeline of opportunities.”
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