7th Jul 2021 20:08
Octopus Renewables Infrastructure Trust PLC - UK-based closed-ended investor in renewable energy assets - On Monday, notes acquisition of investment manager, Octopus Renewables Ltd, by Octopus Energy Group completes.
"There is no change to Octopus Renewables' leadership or people as a result of the Octopus reorganisation, and specifically, the company's investment management team remains the same and service levels will be uninterrupted," company explains.
Chris Gaydon, investment director at Octopus Renewable, says: "While this transaction has no impact on the day-to-day running on the Company, we are excited about the potential opportunities that this unique pairing will bring, whether that through de-risking our portfolio; bringing new investment opportunities; or reducing inefficiencies across the energy value chain."
On Wednesday, raises gross proceeds of GBP150 million from placing, open offer and subscription. Upped size of placing from GBP100 million due to investment pipeline and investor demand. Issues 64.1 million shares in placing, 68.0 million shares in open offer, 6.3 million shares from the subscription and 6.5 million shares from intermediaries offer.
Shares were issued at 103.5 pence each.
Current stock price: 104.40 pence
Year-to-date change: down 7.5%
By Aidan Lane; [email protected]
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