Downing Renewables & Infrastructure IPO Raises GBP122.5 Million

(Alliance News) - Downing Renewables & Infrastructure PLC said Friday it has successfully raised ...

Alliance News 4 December, 2020 | 6:22PM
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(Alliance News) - Downing Renewables & Infrastructure PLC said Friday it has successfully raised GBP122.5 million ahead of the trust's initial public offering.

The trust placed 122.5 million shares a 100 pence each and has applied for the shares to start trading on the premium segment of the London Stock Exchange's main market.

According to the prospectus, the trust expects that admission of the shares will become effective and that unconditional dealings will commence in the ordinary shares at 0800 GMT next Thursday.

"We are very pleased with the response we have received and the endorsement of our differentiated proposition from both institutional and retail investors. We are grateful to our new shareholders and look forward to delivering an attractive return for them over the coming years," said Chair Hugh Little.

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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