Issue of Equity

RNS Number : 7493M

Renewables Infrastructure Grp (The)

01 May 2018

 

The Renewables Infrastructure Group Limited

Issue of Shares

Total Voting Rights

1 May 2018

The Board of The Renewables Infrastructure Group Limited (the "Company" or "TRIG") announces that it has today issued for cash 5 million new ordinary shares of no par value in the Company ("New Ordinary Shares") at a price of 105.6p per New Ordinary Share (the "Issue").  The New Ordinary Shares were issued pursuant to the authority to dis-apply pre-emption rights granted by the Company's shareholders at the Company's Annual General Meeting in May 2017.

The net proceeds of the Issue will be applied towards repaying amounts drawn under the Company's revolving acquisition facility with Royal Bank of Scotland plc, National Australia Bank Limited and ING Bank N.V. 

Application for Admission

Application will be made to the Financial Conduct Authority for admission of the New Ordinary Shares to the premium segment of the Official List and to London Stock Exchange plc for admission to trading of the New Ordinary Shares on its main market for listed securities (the "Main Market"), (together, "Admission").  It is expected that Admission will become effective, and that dealings in the New Ordinary Shares on the Main Market will commence, on Friday, 4 May 2018.

Total Voting Rights

Immediately following Admission, the Company's issued share capital will consist of 1,015,684,730 Ordinary Shares with voting rights.  This figure may be used by shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

LEI:  213800N06Q7Q7HMOMT20

Enquiries:

InfraRed Capital Partners Limited                            [phone]

Richard Crawford

Phil George

Canaccord Genuity Limited                                      [phone]

Robbie Robertson

Dominic Waters

Neil Brierley

Will Barnett

Gavin Tooke

Lucy Lewis

Andrew Zychowski

Liberum                                                                      [phone]

Andrew Davies

Jack Kershaw

Anastasia Mikhailova

Chris Clarke

Henry Freeman

Louis Davies

 

END

 

 

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