Renewables Infrastructure Grp (The) Issue of Equity (7448O)
May 21 2018 - 7:53AM
UK Regulatory
TIDMTRIG
RNS Number : 7448O
Renewables Infrastructure Grp (The)
21 May 2018
The Renewables Infrastructure Group Limited
Issue of Shares
Total Voting Rights
21 May 2018
The Board of The Renewables Infrastructure Group Limited (the
"Company" or "TRIG") announces that it has today issued for cash 7
million new ordinary shares of no par value in the Company ("New
Ordinary Shares") at a price of 104.6p per New Ordinary Share (the
"Issue"). The New Ordinary Shares were issued pursuant to the
authority to dis-apply pre-emption rights granted by the Company's
shareholders at the Company's Annual General Meeting in May
2018.
The net proceeds of the Issue will be applied towards repaying
amounts drawn under the Company's revolving acquisition facility
with Royal Bank of Scotland plc, National Australia Bank Limited
and ING Bank N.V.
The New Ordinary Shares will not rank for the dividend declared
on 10 May 2018, which will be paid on 29 June 2018 to shareholders
on the register at close of business on 18 May 2018.
Application for Admission
Application will be made to the Financial Conduct Authority for
admission of the New Ordinary Shares to the premium segment of the
Official List and to London Stock Exchange plc for admission to
trading of the New Ordinary Shares on its main market for listed
securities (the "Main Market"), (together, "Admission"). It is
expected that Admission will become effective, and that dealings in
the New Ordinary Shares on the Main Market will commence, on
Friday, 25 May 2018.
Total Voting Rights
Immediately following Admission, the Company's issued share
capital will consist of 1,022,684,730 Ordinary Shares with voting
rights. This figure may be used by shareholders in determining the
denominator for the calculation by which they will establish if
they are required to notify their interest in, or a change to their
interest in, the Company under the FCA's Disclosure and
Transparency Rules.
LEI: 213800N06Q7Q7HMOMT20
Enquiries:
InfraRed Capital Partners Limited +44 (0) 20 7484 1800
Richard Crawford
Phil George
Canaccord Genuity Limited +44 (0) 20 7523 8000
Robbie Robertson
Dominic Waters
Neil Brierley
Will Barnett
Gavin Tooke
Lucy Lewis
Andrew Zychowski
Liberum +44 (0) 20 3100 2000
Andrew Davies
Jack Kershaw
Anastasia Mikhailova
Chris Clarke
Henry Freeman
Louis Davies
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOESESFFFFASEII
(END) Dow Jones Newswires
May 21, 2018 07:53 ET (11:53 GMT)
The Renewables Infrastru... (LSE:TRIG)
Historical Stock Chart
From Apr 2024 to May 2024
The Renewables Infrastru... (LSE:TRIG)
Historical Stock Chart
From May 2023 to May 2024