27th Mar 2015 09:19
LONDON (Alliance News) - The Renewables Infrastructure Group Ltd on Friday increased the size of its proposed placing after demand exceeded expectations.
The renewable infrastructure investment company said it has decided to issue a further 32.5 million shares, in addition to the 67.5 million shares already announced.
In total, the company will now issue 100 million shares at 102.25 pence per share, raising GBP102.25 million. Shares in the company were up 0.5% to 103.25 pence on Friday.
It intends to use the proceeds of the placing to repay its revolving acquisition facility and to provide cash resources to pursue new investment opportunities.
By Sam Unsted; [email protected]; @SamUAtAlliance
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