9th Oct 2020 15:44
Greencoat Renewables PLC - renewable energy company - Says Ireland Strategic Investment Fund sells 57.0 million of Greencoat Renewables shares at a price of EUR1.15 each, totalling EUR65.6 million. The placing was upsized from 45.6 million shares due to strong demand during the bookbuild. Following settlement of the placing, which is expected to take place on Tuesday next week, Ireland Strategic Investment Fund will hold 19.0 million shares in Greencoat Renewables, representing 3.0% stake. The seller's remaining stake will be subject to a lock up agreement of 180 days. RBC Europe Ltd is acting as sole bookrunner on the placing. Greencoat Renewables will not receive any proceeds from the placing.
Current stock price: EUR1.17
Year-to-date change: down 2.5%
By Evelina Grecenko; [email protected]
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