8th Dec 2020 17:15
Greencoat Renewables PLC - renewable energy company - Raises EUR125 million through oversubscribed placing of 110.6 million shares at a price of EUR1.13 each. Proceeds will go towards refinancing its revolving credit and provide flexibility to take advantage of pipeline in excess of EUR500 million of acquisition opportunities.
Following placing, Greencoat now has 741.2 million shares issued overall.
"My thanks to our shareholders for their continued strong support, which has enabled us to achieve another oversubscribed placing. Across Europe, we see a considerable pipeline of potential investments, with specific interest in Greencoat Renewables as a counterparty, reflecting our deep sector relationships and track record for execution," said Chair Ronan Murphy.
Current stock price: EUR1.14
Year-to-date change: down 5.0%
By Dayo Laniyan; [email protected]
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