IN BRIEF: Downing Renewables & Infrastructure Trust plans equity raise
7th Jun 2022 13:10
Downing Renewables & Infrastructure Trust PLC - invests in solar parks, wind farms and hydroelectric plants in UK, Sweden and Finland - Aims to raise GBP50 million gross from selling new shares at 111 pence each, including a placing and 1-for-3 open offer to existing shareholders. The price is a 2.0% premium to net asset value on March 31 of 110.1p per share. Including the initial issue of 45.7 million new shares, the trust wants to establish a programme to issue 250 million shares over 12 months. Read More