LONDON (Alliance News) - Renewable infrastructure fund Greencoat UK Wind PLC on Friday said it has raised GBP100.0 million through the first tranche of its share issue programme.
Greencoat has issued 95.2 million shares at 105.00 pence per share via the placing. Greencoat shares were down 0.7% to 105.00p on Friday morning.
"We are pleased to be announcing a successful first tranche of our ongoing share issuance programme and are very appreciative of strong shareholder support. The proceeds will be put to work straight away by paying down our acquisition facility and, in turn, enabling us to take advantage of our pipeline of value-accretive growth opportunities," said Chairman Tim Ingram.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Greencoat UK Wind (UKW)