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LONDON - The Renewables Infrastructure Group Limited (TRIG) announced Monday it has suspended its £150 million share buyback program with immediate effect following the proposed combination with HICL Infrastructure Plc.
The London-listed renewables investment company had initially announced the buyback program on August 9, 2024, and later increased it on February 11, 2025, according to a press release statement.
TRIG confirmed that no purchases were made under the share buyback program on November 17, 2025. The company stated that any recommencement of the program would be announced to the market.
The suspension comes on the same day as the announcement of TRIG's proposed combination with HICL Infrastructure Plc, though specific details regarding the combination were not included in the statement.
TRIG is a renewable energy infrastructure investment company with a portfolio spanning six European markets. The company currently manages wind, solar and battery storage projects with a net operational capacity of 2.3GW, which it reports is sufficient to power 1.8 million homes and avoid 2.0 million tonnes of carbon emissions annually.
The company is advised by InfraRed Capital Partners as Investment Manager and Renewable Energy Systems (RES) as Operations Manager.
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