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.