G R E E N C O AT UK WIND
Notes to the Consolidated Financial Statements continued For the period from 4 December 2012 to 31 December 2013 20. Ultimate controlling party In the opinion of the Directors, on the basis of the shareholdings advised to them, the Company has no ultimate controlling party. 21. Subsequent events On 23 January 2014, the Company announced a dividend of £10,246,496, equivalent to 3 pence per share. The record date for the dividend was 31 January 2014 and the payment date was 21 February 2014. On 24 January 2014, 306,866 additional shares were issued and allotted to the Investment Manager. This consisted of 130,134 shares as payment of the equity element of the Investment Management fee for the quarter to 31 December 2013 as disclosed in note 3 to the financial statements, 170,622 shares as payment of the equity element of the Investment Management fee for the quarter to 31 March 2014 and an additional 6,110 shares in respect of the true up amount of the Investment Management fee for the period to 31 December 2013 calculated in accordance with the Investment Management Agreement. On 30 January 2014, the Company announced that it issued 2,000,000 ordinary shares, at an issue price of 102.5 pence per share to meet investor demand. On 3 March 2014 as disclosed in note 10, the Group dissolved shareholder loans provided to wind farms amounting to £80,977,593 and reclassified these to equity. Accrued interest in relation to these loans amounting to £1,412,875 as at 31 December 2013 was written off, together with accrued interest thereafter. On 19 March 2014, the Group repaid a further £8,000,000 of the loan facility, leaving an outstanding balance of £42,000,000.
63