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QuotedData’s morning briefing 17 February 2021

In QuotedData’s morning briefing 17 February 2021 –

  • Greencoat UK Wind’s (UKW’s) placing raised gross proceeds of £198m. The net capital raised will be deployed towards reducing borrowings under the company’s revolving credit facility, to allow the company to fund its pipeline of acquisition opportunities.
  • Chrysalis Investments (CHRY) will seek approval from its shareholders to issue up to 600m ordinary and/or C shares at an EGM to be convened on the same day as the company’s AGM, which will be held on 8 March. Merian Global Investors (UK) Limited, CHRY’s manager, has a says that it has a pipeline of investment opportunities totalling circa £1bn and has identified potential follow-on opportunities of up to circa £250m that may be available over the coming months.
  • Seneca Global Income & Growth (SIGT) noted that subsequent to the previously announced acquisition of the company’s manager, Seneca Investment Managers, by Momentum Global Investment Management Ltd, and as a result of its integration into MGIM and consequent re-branding, the board has resolved to change the name of the company to Momentum Multi-Asset Value Trust plc, subject to approval by Companies House. It is the intention that this will become effective in March 2021.

We also have annual results from The Renewables Infrastructure Group (TRIG).

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