{"id":964092,"date":"2025-11-14T15:18:23","date_gmt":"2025-11-14T15:18:23","guid":{"rendered":"https:\/\/ukpostcode.org\/content\/?p=964092"},"modified":"2025-11-14T15:18:23","modified_gmt":"2025-11-14T15:18:23","slug":"greencoat-uk-wind-restores-treasury-shares-to-investment-manager","status":"publish","type":"post","link":"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/","title":{"rendered":"Greencoat UK Wind Restores Treasury Shares to Investment Manager"},"content":{"rendered":"<p>&nbsp;<\/p>\n<hr \/>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#What_happened\" title=\"What happened\">What happened<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#Why_this_matters_What_the_purpose_is\" title=\"Why this matters \/ What the purpose is\">Why this matters \/ What the purpose is<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#Commentary_Implications\" title=\"Commentary &amp; Implications\">Commentary &amp; Implications<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#Strategic_context_for_UKW\" title=\"Strategic context for UKW\">Strategic context for UKW<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#Case_Studies_Illustrative_Examples\" title=\"Case Studies &amp; Illustrative Examples\">Case Studies &amp; Illustrative Examples<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#Key_Commentary_Analysis\" title=\"Key Commentary &amp; Analysis\">Key Commentary &amp; Analysis<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#Potential_Risks_What_to_Watch\" title=\"Potential Risks &amp; What to Watch\">Potential Risks &amp; What to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/#My_Assessment\" title=\"My Assessment\">My Assessment<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_happened\"><\/span>What happened<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>UKW announced that it issued <strong>261,524 ordinary shares<\/strong> from its treasury to its Investment Manager, Schroders Greencoat LLP, under the terms of their Investment Management Agreement. (<a title=\"Greencoat UK Wind Reinstates Shares to Investment ...\" href=\"https:\/\/www.tipranks.com\/news\/company-announcements\/greencoat-uk-wind-reinstates-shares-to-investment-manager-2?utm_source=chatgpt.com\">TipRanks<\/a>)<\/li>\n<li>After that transfer, the Investment Manager holds <strong>5,896,708 shares<\/strong>, representing \u2248 0.3% of the Company\u2019s issued share capital. (<a title=\"Greencoat UK Wind Reinstates Shares to Investment ...\" href=\"https:\/\/www.tipranks.com\/news\/company-announcements\/greencoat-uk-wind-reinstates-shares-to-investment-manager-2?utm_source=chatgpt.com\">TipRanks<\/a>)<\/li>\n<li>The shares transferred are subject to a <strong>three-year lock-up period<\/strong>, i.e., the Investment Manager cannot dispose of them for that period. (<a title=\"Greencoat UK Wind Reinstates Shares to Investment ...\" href=\"https:\/\/www.tipranks.com\/news\/company-announcements\/greencoat-uk-wind-reinstates-shares-to-investment-manager-2?utm_source=chatgpt.com\">TipRanks<\/a>)<\/li>\n<li>Earlier (November 2024) there was a previous similar transaction: UKW transferred <strong>236,414 shares<\/strong> from treasury to Schroders Greencoat LLP, bringing its holding then to about 0.2% of the company. (<a title=\"Greencoat UK Wind Enhances Investment Manager's ...\" href=\"https:\/\/www.nasdaq.com\/articles\/greencoat-uk-wind-enhances-investment-managers-shareholding?utm_source=chatgpt.com\">Nasdaq<\/a>)<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Why_this_matters_What_the_purpose_is\"><\/span>Why this matters \/ What the purpose is<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Alignment: By issuing shares to the Investment Manager, UKW is increasing the \u201cskin in the game\u201d of the Manager. When the Manager owns shares (especially locked-up shares) that align with shareholders, it reinforces alignment of interests.<\/li>\n<li>Capital structure \/ treasury management: These share issuances from treasury reduce the amount of treasury stock (which has no voting rights or dividends) and increase the number of shares beneficially held by the Manager, which may influence governance and perception.<\/li>\n<li>Long-term incentive: The lock-up period suggests this is part of a long-term incentive or retention mechanism rather than a near-term reward\/share sale.<\/li>\n<li>Signalling: The move may signal confidence in the company\u2019s outlook \u2013 if the Manager is taking locked-up shares, it may be interpreted that the Manager believes in the medium-term value creation of the Trust.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Commentary_Implications\"><\/span>Commentary &amp; Implications<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Positive takes:<\/strong><\/p>\n<ul>\n<li>Many investors favour greater alignment between investment managers and shareholders. When the Manager holds equity, especially locked-up shares, it can reduce agency costs.<\/li>\n<li>For a listed investment trust like UKW, such transactions help demonstrate that the Manager is committed, which can improve investor confidence.<\/li>\n<li>Given strongly competitive financial markets (especially for renewable infrastructure trusts), small signals like this may help differentiate the Trust in investor perception.<\/li>\n<\/ul>\n<p><strong>Caveats \/ risks \/ things to watch:<\/strong><\/p>\n<ul>\n<li>Size: The shareholding (0.3%) is small in absolute terms\u2014so while symbolic, the real financial stake may still be modest relative to the Manager\u2019s overall business.<\/li>\n<li>Lock-up: Because the shares are locked for three years, the Manager cannot monetise them in the short term, which may reduce the immediate incentive effect.<\/li>\n<li>Treasury stock: Issuance from treasury reduces the floating treasury shares, but depending on how many treasury shares remain, the dilution effect is minimal\u2014but still worth monitoring.<\/li>\n<li>Broader context: UKW sits in a sector (renewable infrastructure) where NAV discounts, regulatory\/regime risks (e.g., changes to inflation indexing of subsidy regimes) and investor sentiment are very material. For example, UKW recently warned of government consultations (changing indexation from RPI to CPI) which could reduce NAV per share. (<a title=\"Share Price Information for Greencoat UK Wind (UKW)\" href=\"https:\/\/www.lse.co.uk\/rns\/UKW\/ro-consultation-and-capital-allocation-update-79xbb1vk0n29esf.html?utm_source=chatgpt.com\">LSE<\/a>)<\/li>\n<li>Value creation: Ultimately, the success of this alignment depends on the underlying asset performance, dividend growth, and investor returns\u2014not just the share issuance itself.<\/li>\n<\/ul>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Strategic_context_for_UKW\"><\/span>Strategic context for UKW<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>UKW is a UK-listed investment trust focused on UK wind farm assets. (<a title=\"Greencoat UK Wind\" href=\"https:\/\/en.wikipedia.org\/wiki\/Greencoat_UK_Wind?utm_source=chatgpt.com\">Wikipedia<\/a>)<\/li>\n<li>Its capital allocation strategy has included share buybacks (for example a programme of up to \u00a3100m announced in October 2023) to address the discount to NAV and enhance shareholder value. (<a title=\"Increase in Annual Dividend &amp; Commencement of Share ...\" href=\"https:\/\/www.greencoat-ukwind.com\/news-and-media\/news-hub\/increase-in-annual-dividend-commencement-of-share-buyback-programme\/?utm_source=chatgpt.com\">Greencoat UK Wind<\/a>)<\/li>\n<li>Given the backdrop of discount to NAV and investor pressure in the renewable infrastructure space, actions like this share issuance to the Manager help strengthen alignment and signal commitment.<\/li>\n<\/ul>\n<hr \/>\n<p>Good question. Here are some <strong>case-study\u2013style examples<\/strong>, plus key commentary and analysis around Greencoat UK Wind\u2019s decision to restore treasury shares to its investment manager (Schroders Greencoat), and what it signals strategically.<\/p>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Case_Studies_Illustrative_Examples\"><\/span>Case Studies &amp; Illustrative Examples<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Recent Share Issuance to the Investment Manager<\/strong>\n<ul>\n<li>On <strong>12 August 2025<\/strong>, Greencoat UK Wind (UKW) transferred <strong>261,524 ordinary shares<\/strong> from its treasury to Schroders Greencoat LLP (the Investment Manager). (<a title=\"Director\/PDMR Shareholding | Company Announcement | Investegate\" href=\"https:\/\/www.investegate.co.uk\/announcement\/rns\/greencoat-uk-wind--ukw\/director-pdmr-shareholding\/9047364?utm_source=chatgpt.com\">Investegate<\/a>)<\/li>\n<li>These shares come with a <strong>three-year lock-up<\/strong>, meaning Schroders Greencoat cannot sell them for that period. (<a title=\"Director\/PDMR Shareholding | Company Announcement | Investegate\" href=\"https:\/\/www.investegate.co.uk\/announcement\/rns\/greencoat-uk-wind--ukw\/director-pdmr-shareholding\/9047364?utm_source=chatgpt.com\">Investegate<\/a>)<\/li>\n<li>After this allotment, the Manager holds <strong>5,896,708 shares<\/strong>, which is about <strong>0.3%<\/strong> of UKW\u2019s issued share capital. (<a title=\"Greencoat UK Wind Reinstates Shares to Investment Manager - TipRanks.com\" href=\"https:\/\/www.tipranks.com\/news\/company-announcements\/greencoat-uk-wind-reinstates-shares-to-investment-manager-2?utm_source=chatgpt.com\">TipRanks<\/a>)<\/li>\n<li>This is not completely new: in late 2024, UKW also issued <strong>236,414 treasury shares<\/strong> to the Manager under similar terms. (<a title=\"Greencoat UK Wind Enhances Investment Manager\u2019s Shareholding | Nasdaq\" href=\"https:\/\/www.nasdaq.com\/articles\/greencoat-uk-wind-enhances-investment-managers-shareholding?utm_source=chatgpt.com\">Nasdaq<\/a>)<\/li>\n<\/ul>\n<\/li>\n<li><strong>Fee-Structure Alignment (Related Context)<\/strong>\n<ul>\n<li>In December 2024, UKW changed how its management fee is calculated: instead of being based only on NAV, the fee is now the lower of <strong>market capitalisation or NAV<\/strong>, effective from 1 January 2025. (<a title=\"Greencoat UK Wind revamps fee structure | Trustnet\" href=\"https:\/\/www.trustnet.com\/news\/13432532\/greencoat-uk-wind-revamps-fee-structure?utm_source=chatgpt.com\">Trustnet<\/a>)<\/li>\n<li>This change is widely viewed as \u201cshareholder-friendly\u201d because UKW is trading at a <strong>discount to NAV<\/strong>. (<a title=\"Wind of change: Greencoat fund adopts shareholder-friendly fees | Market News | The AIC\" href=\"https:\/\/www.theaic.co.uk\/aic\/news\/industry-news\/wind-of-change-greencoat-fund-adopts-shareholder-friendly-fees?utm_source=chatgpt.com\">The AIC<\/a>)<\/li>\n<li>By tying both fees and share-ownership of the Investment Manager to shareholder value, UKW strengthens the alignment between the Manager and ordinary shareholders.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capital Management &amp; Treasury Strategy<\/strong>\n<ul>\n<li>According to its 2024 annual report, UKW has been quite active with treasury shares: over 1.1 million shares were reinstated to Schroders Greencoat during that year. (<a title=\"Greencoat UK Wind - Final Results Announcement\" href=\"https:\/\/www.research-tree.com\/newsfeed\/article\/greencoat-uk-wind-final-results-announcement-2746255?utm_source=chatgpt.com\">Research Tree<\/a>)<\/li>\n<li>Meanwhile, UKW is also running a <strong>\u00a3100 million share buyback programme<\/strong>, as announced in its corporate updates. (<a title=\"Increase in Annual Dividend &amp; Commencement of Share Buyback Programme - Greencoat UK Wind\" href=\"https:\/\/www.greencoat-ukwind.com\/news-and-media\/news-hub\/increase-in-annual-dividend-commencement-of-share-buyback-programme\/?utm_source=chatgpt.com\">Greencoat UK Wind<\/a>)<\/li>\n<li>The dual action (buybacks + reissuing to manager) suggests a deliberate capital-structure play: reduce discount, manage alignment, and incentivize the Manager.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Key_Commentary_Analysis\"><\/span>Key Commentary &amp; Analysis<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Alignment and Skin in the Game<\/strong>\n<ul>\n<li>The reinstatement of treasury shares to Schroders Greencoat \u2014 especially with a lock-up \u2014 is a classic \u201cskin-in-the-game\u201d mechanism: it ensures the manager has a meaningful equity stake and can\u2019t immediately monetize, which helps align interests with long-term shareholders.<\/li>\n<li>Combined with the lower-of-market-cap\/NAV fee change, this move reinforces that the Manager\u2019s incentives are more closely tied to shareholder outcomes, not just NAV growth.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Signal of Confidence<\/strong>\n<ul>\n<li>By accepting locked-up shares, Schroders Greencoat may be signaling <strong>confidence in UKW\u2019s long-term business model and asset base<\/strong> (i.e., its UK wind portfolio).<\/li>\n<li>For investors, this could be read as positive: the manager isn\u2019t just collecting fees \u2014 it has \u201creal skin\u201d in the game and is aligned on value creation.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Governance and Transparency<\/strong>\n<ul>\n<li>The share-issuance is formal and disclosed under FCA rules (via Greencoat\u2019s Investegate notice). (<a title=\"Director\/PDMR Shareholding | Company Announcement | Investegate\" href=\"https:\/\/www.investegate.co.uk\/announcement\/rns\/greencoat-uk-wind--ukw\/director-pdmr-shareholding\/9047364?utm_source=chatgpt.com\">Investegate<\/a>)<\/li>\n<li>This transparency helps reinforce governance standards: it\u2019s not a back-door reward, but part of a structured incentive under the Investment Management Agreement.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Risk-Management in a Challenging Environment<\/strong>\n<ul>\n<li>UKW is operating in a sector under pressure: for instance, QuotedData notes that <strong>wind yields have been weak<\/strong>, and NAV per share has declined (due in part to poor generation and low power-price forecasts). (<a title=\"Poor wind yields hit Greencoat UK Wind - QuotedData\" href=\"https:\/\/quoteddata.com\/2025\/02\/poor-wind-yields-hit-greencoat-uk-wind\/?utm_source=chatgpt.com\">QuotedData<\/a>)<\/li>\n<li>Against this backdrop, the move to align the manager via shares and lock-up might be particularly important: it ensures the manager stays committed through volatile earnings cycles.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Share Buybacks + Manager Incentives<\/strong>\n<ul>\n<li>The buyback programme (up to \u00a3100 m) is designed to support share price and manage the discount to NAV. (<a title=\"Increase in Annual Dividend &amp; Commencement of Share Buyback Programme - Greencoat UK Wind\" href=\"https:\/\/www.greencoat-ukwind.com\/news-and-media\/news-hub\/increase-in-annual-dividend-commencement-of-share-buyback-programme\/?utm_source=chatgpt.com\">Greencoat UK Wind<\/a>)<\/li>\n<li>By reissuing some of that \u201ctreasury stock\u201d to the Manager, UKW isn\u2019t just cancelling all buyback shares \u2014 it\u2019s recycling a portion back into the business. This can be efficient capital use (vs just cancelling all treasury shares) and strengthens alignment.<\/li>\n<\/ul>\n<\/li>\n<li><strong>External Praise &amp; Industry Observers<\/strong>\n<ul>\n<li>The <strong>Association of Investment Companies (AIC)<\/strong> praised the broader fee change, highlighting that UKW\u2019s new fee basis represents stronger alignment with shareholders. (<a title=\"Wind of change: Greencoat fund adopts shareholder-friendly fees | Market News | The AIC\" href=\"https:\/\/www.theaic.co.uk\/aic\/news\/industry-news\/wind-of-change-greencoat-fund-adopts-shareholder-friendly-fees?utm_source=chatgpt.com\">The AIC<\/a>)<\/li>\n<li>Analysts have also noted that such alignment mechanisms may become more common in infrastructure and renewable investment trusts \u2014 especially when NAV discounts are persistent.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<hr \/>\n<h2><span class=\"ez-toc-section\" id=\"Potential_Risks_What_to_Watch\"><\/span>Potential Risks &amp; What to Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Lock-up Period<\/strong>: While the three-year lock-up helps alignment, it may also limit liquidity for the Manager. If circumstances change, the Manager is stuck with those shares for a while.<\/li>\n<li><strong>Discount Persistence<\/strong>: Even with alignment, if UKW continues to trade at a significant discount to NAV, the motivational effect of this share-holding might be reduced.<\/li>\n<li><strong>Capital Dilution<\/strong>: Issuing treasury shares to the Manager modestly increases their ownership, though the dilution to other shareholders is limited (given it\u2019s from treasury, not newly-issued).<\/li>\n<li><strong>Performance Risk<\/strong>: Given operational challenges (e.g., lower-than-budget wind generation, debt constraints), the value of this alignment depends heavily on how UKW navigates sector headwinds.<\/li>\n<li><strong>Incentive Balance<\/strong>: There\u2019s always a risk that share-based incentives could distort behavior \u2014 for example, the Manager may prioritize near-term share-price interventions (buybacks) over long-term investments, though UKW\u2019s strategy seems to try balancing both.<\/li>\n<\/ul>\n<hr \/>\n<h3><span class=\"ez-toc-section\" id=\"My_Assessment\"><\/span>My Assessment<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong>Strategically, this is a very well-calibrated move<\/strong> by UKW. It strengthens alignment without overly diluting other shareholders, and it sends a signal that the manager is committed to the long term.<\/li>\n<li>Given the challenging macro and renewable-sector backdrop (wind yield risk, NAV discount, debt), ensuring that the manager is \u201call in\u201d with company performance is especially important.<\/li>\n<li>If executed well, this could help support UKW\u2019s capital-structure strategy (buybacks, discount management) while maintaining strong governance. But much depends on how wind-generation risk and capital markets evolve.<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; What happened UKW announced that it issued 261,524 ordinary shares from its treasury to its Investment Manager, Schroders Greencoat LLP, under the terms of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,6],"tags":[],"class_list":["post-964092","post","type-post","status-publish","format-standard","hentry","category-gb-news","category-uk-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Greencoat UK Wind Restores Treasury Shares to Investment Manager - UK News &amp; Updates<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ukpostcode.org\/content\/greencoat-uk-wind-restores-treasury-shares-to-investment-manager\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greencoat UK Wind Restores Treasury Shares to Investment Manager - UK News &amp; 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