Result of Equity Issue

RNS Number : 6358H

Renewables Infrastructure Grp (The)

16 November 2018

 

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO, THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA.

The Renewables Infrastructure Group Limited (the "Company" or "TRIG")

Result of Issue

16 November 2018

Further to the announcement of 15 November 2018, the Board of The Renewables Infrastructure Group Limited confirms that the Company raised gross proceeds of approximately £79.05 million through the issue of 71,867,849 new ordinary shares in the capital of the Company, the maximum amount available under the Issue, at a price of 110p per new ordinary share. 

Total Voting Rights

Immediately following admission, the Company's issued share capital will consist of 1,177,291,234 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 Guidance and Transparency Rules. 

LEI:  213800N06Q7Q7HMOMT20

Enquiries:

InfraRed Capital Partners Limited                          [phone]

Richard Crawford

Phil George

Canaccord Genuity Limited                                     [phone]

Lucy Lewis

Andrew Zychowski

Denis Flanagan

Liberum                                                                       [phone]

Chris Clarke

Louis Davies

Tulchan Communications                                        [phone]

Martin Pengelley

IMPORTANT INFORMATION

The distribution of this Announcement, and/or the issue of New Ordinary Shares in certain jurisdictions may be restricted by law and/or regulation.  No action has been taken by the Company, the Joint Bookrunners or any of their respective affiliates as defined in Rule 501(b) under the U.S. Securities Act of 1933, as amended (as applicable in the context used, "Affiliates") that would permit an offer of the New Ordinary Shares or possession or distribution of this Announcement or any other publicity material relating to the New Ordinary Shares in any jurisdiction where action for that purpose is required.  Persons receiving this Announcement are required to inform themselves about and to observe any such restrictions.

Canaccord Genuity Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no one else in connection with the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Issue, or any other matters referred to herein.

Liberum Capital Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and for no one else in connection with the Issue and will not be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the Issue, or any other matters referred to herein.

 

END

 

 

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