By Lisa Kerner
Charlotte, N.C., Nov. 12 – Greencoat UK Wind plc said it intends to raise up to £50 million through a placement of up to 46,115,906 new ordinary shares at an issue price of 107.5p.
Closing is expected to occur on Nov. 24, according to a news release.
RBC Europe Ltd. is the bookrunner, and Winterflood Securities Ltd. is lead manager.
Proceeds from the placement are expected to be used to partially fund an acquisition, according to chairman Tim Ingram.
Greencoat UK Wind is a renewable infrastructure fund, solely and fully invested in 16 operating U.K. wind farms with net generating capacity of 271.5 MW. Greencoat Capital LLP is the investment manager to Greencoat UK Wind and is based in London, Dublin and Munich.
| Issuer: | Greencoat UK Wind plc
|
| Issue: | New ordinary shares
|
| Amount: | Up to 46,115,906
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| Price: | 107.5p
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| Closing: | Nov. 24
|
| Bookrunner: | RBC Europe Ltd.
|
| Lead manager: | Winterflood Securities Ltd.
|
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