Atrato Onsite Energy plc Share Offer
This offer is now closed for applications through interactive investor
Result of Initial Public Offering
The Issue Price was set at 100 pence per Ordinary Share.
Atrato Onsite Energy plc (ROOF) has successfully raised gross proceeds of £150 million, through its Placing, Offer for Subscription and Intermediaries Offer.
The maximum size of the IPO was £150 million and the Company received substantial investor demand covering the maximum IPO size multiple times. As such, a material scaling back exercise was undertaken.
Application has been made for 150,000,000 Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
Customers will receive approximately 43% of the amount applied for rounded down to the nearest whole share.
Share allocations and uninvested cash are being credited today (Friday 19 November 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.
Please note the allocation policy was set by ROOF and not Interactive Investor.
Offer period
- The Offer Period for the Atrato Onsite Energy plc Share Offer closed at 9am on Thursday 18 November 2021.
Trading starts
- Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Tuesday 23 November 2021. There is no conditional dealing period.
- When admitted to trading, the Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BN497V3 and trade under the symbol "ROOF".
- If you buy or sell Atrato Onsite Energy plc Shares after admission the relevant share dealing rate will apply.
Juliet Davenport OBE, Chair of Atrato Onsite Energy plc, commented:
The Board is delighted with such strong support from a wide range of retail and institutional investors. This demonstrates the alignment of the investment community with our mission to build new renewable energy capacity to help meet the UK's binding net zero emissions target and meaningfully contribute to the green economy.
Gurpreet Gujral, Managing Director of Atrato Partners Limited, Investment Adviser to the Company, said:
Atrato Onsite Energy plc aims to be the partner of choice for UK businesses considering rooftop solar in their plans to reach net zero. We are already working closely with our corporate customers to reduce both their carbon footprints and energy costs, and we look forward to updating our investors on our progress.
Key information
| Issue price per share: | 100 pence |
| Minimum investment: | £500 (multiples of £1 thereafter) |
| Stock ticker: | ROOF |
| SEDOL: | BN497V3 |
Expected timetable
| Offer open: | 1 November 2021 |
| Offer close: | 18 November 2021 (9am) |
| Result announced: | 19 November 2021 |
| Unconditional dealing starts: | 23 November 2021 (8am) |
Offer announcements
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the Atrato Onsite Energy plc Prospectus in accordance with the Company's consent and the conditions set out in the Atrato Onsite Energy plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
"Atrato Onsite Energy plc" and the Atrato Onsite Energy plc logo are reproduced by kind permission of Atrato Onsite Energy plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of 201 Deansgate, Manchester, M3Â 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.