IN BRIEF: SDCL Energy Raises GBP110 Million In Enlarged Share Issue

SDCL Energy Efficiency Income Trust PLC - energy-focused investment firm - Raises GBP110 million ...

Alliance News 24 June, 2020 | 1:05PM
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SDCL Energy Efficiency Income Trust PLC - energy-focused investment firm - Raises GBP110 million through issue of 105.8 million shares at price of 104 pence each through placing and subscription. Original target at GBP60 million, but increased by reallocating new shares under share issuance programme to initial issue. Proceeds to go towards pipeline of investment opportunities and partially paying down existing debt facilities.

Current stock price: 105.50 pence

Year-to-date change: down 2.3%

By Dayo Laniyan; dayolaniyan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
SDCL Energy Efficiency Income Ord 108.00 GBX 0.00 -

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