7th Sep 2022 09:30
(Alliance News) - SDCL Energy Efficiency Income Trust PLC on Wednesday said it has raised GBP135 million via a placing and retail offer of 118 million new shares at 114 pence each.
SDCL is an investment company focused on assets in the energy efficiency sector, such as electric vehicle charging infrastructure and geothermal and biogas projects.
Last Thursday, SDCL said it aimed to raise around GBP100 million by issuing new shares at 113 to 117 pence each. This included a retail offer and placing ran by Jefferies International Ltd.
On Wednesday, the company said that 113.3 million new shares will be issued under the placing, whilst 5.1 million new shares will be issued under the retail offer.
It added that both the placing and retail offer shares were issued at 114p each, a 1.6% discount to the closing price of 115.80p on Wednesday last week, being the last business day before the announcement.
Its shares were up 0.7% to 115.80 pence each in London on Wednesday morning.
SDCL expects that dealings in the new shares will begin on Friday, at which point the company will have 1.11 billion shares issued in total.
By Sophie Rose; [email protected]
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