16th Mar 2015 08:33
LONDON (Alliance News) - The Renewables Infrastructure Group Ltd on Monday set the pricing for its upcoming share placing.
The renewables investment company said it will issue shares under the placing at 102.25 pence per share, a 1.6% premium to its estimated net asset value on March 12.
Shares in the company were untraded early Monday, having last traded at 102.75 pence.
The proceeds are to be used to pay down its acquisition debt facility and to back its investment plans. It did not provide any information on how much it intends to raise nor the number of shares it will issue.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Renewables Infrastructure Group