Greencoat Renewables PLC - renewable energy company - Says Ireland Strategic Investment Fund intends to sell 45.6 million shares in Greencoat Renewables by way of an accelerated bookbuild. The placing shares represent 7.2% of Greencoat Renewables' issued share capital and following completion of the Placing, the fund will hold 30.4 million shares, which will be subject to a lock up agreement of 180 days. RBC Europe Ltd is acting as sole bookrunner on the placing. Greencoat Renewables will not receive any proceeds from the placing. The price per placing share will be determined by way of an accelerated bookbuilding process to institutional investors. The bookbuilding period will commence immediately and may close at any time on short notice
Current stock price: EUR1.23
Year-to-date change: up 2.5%
By Evelina Grecenko; firstname.lastname@example.org
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