We are currently experiencing technical issues. We appreciate your patience as we investigate.

IN BRIEF: Downing Renewables raises GBP15 million in placing

Downing Renewables & Infrastructure Trust PLC - investor in solar parks, wind farms and ...

Alliance News 14 October, 2021 | 2:35PM
Email Form Facebook Twitter LinkedIn RSS

Downing Renewables & Infrastructure Trust PLC - investor in solar parks, wind farms and hydroelectric plants - Raises GBP14.9 million from placing and primary bid offer. Places 14.2 million shares at 102.5 pence per ordinary share, totalling GBP14.6 million. In addition, places 312,290 new shares from primary offer at same price, totalling GBP320,000. Singer Capital Markets Securities acts as sole bookrunner.

Proceeds from the placing will go towards taking advantage of pipeline assets identifies by the investment manager, including four opportunities in negotiations with a total investment amount of around GBP87 million.

Current stock price: 102.51 pence

Year-to-date change: up 2.5%

By Josie O'Brien; josieobrien@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Downing Renewables & Infrastructure Ord 103.50 014 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.