VH Global Sustainable Energy Opportunities raises further £70m just nine months after launch – VH Global Sustainable Energy Opportunities (GSEO) has raised a further £70m pursuant to the placing it announced on 8 November 2021. Accordingly, the company will issue a total of 68,965,518 New Ordinary Shares at the placing price of 101.5 pence per New Ordinary Share.
GSEO intends to use the net proceeds of the Placing to invest in its enhanced pipeline of assets which are high quality and diversified by geography and technology.
Chairman, Bernie Bulkin, commented: “Taking the £70m that has been committed as part of the Placing means that we have successfully raised over £312m since the Company was launched in February this year. The capital raised, coupled with the strong pipeline of opportunities that we have already identified, should allow us to maintain our strong investment momentum into 2022. I would like to thank our existing investors for their continuing support and welcome those new investors to our shareholder register.
“As economies around the world reassess their approaches towards a net-zero carbon future following COP26, the Company is both well positioned, and well capitalised, to continue its leadership role, driving the energy transition while making a positive impact on the environment and the local communities in which we invest.”
Applications have been made to the financial conduct authority for admission of 68,965,518 new ordinary shares to the premium segment of the official list of the financial conduct authority and to the London Stock Exchange for admission to trading of the new ordinary shares on its main market for listed securities. It is expected that admission will become effective at or around 8am on 3 December 2021 and that unconditional dealings in the new ordinary shares will commence at that time.
The new ordinary shares will, when issued, be credited as fully paid and rank pari passu with the existing ordinary shares in the capital of the company, including the right to receive all future dividends and distributions declared, made or paid. For the avoidance of doubt, any new ordinary shares issued pursuant to the placing will not be entitled to the interim dividend announced on 1 November 2021 payable to shareholders on the register of the company as at 12 November 2021.
GSEO : VH Global Sustainable Energy Opportunities raises further £70m just nine months after launch