Greencoat UK Wind raising another £100m

UKW : Greencoat UK Wind raising another £100m

Greencoat UK Wind has announced that is looking to raise £100m from investors by issuing 93,457,944 shares at 107p – a small premium to net asset value at the end of June (105.8p, 102.7p after the last dividend went ex) but a discount to the share price at close last night (22nd September) of 109.5p.

The money will be used to pay down Greencoat’s borrowing facility.

 

James Carthew
Written By James Carthew

Head of Investment Company Research

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