Greencoat UK Wind plc Share Offer
This offer is now closed for applications through interactive investor
Result of Equity Raise
The Issue Price was set at 132 pence per Ordinary Share.
Greencoat UK Wind plc (UKW) has successfully raised gross proceeds of £450 million, through its Placing, Open Offer, Intermediaries Offer and Offer for Subscription.
Investor demand for the Issue has significantly exceeded the maximum size of £396 million. A scaling back exercise has been undertaken with respect to Excess Applications, the Offer for Subscription, the Intermediaries Offer and the Placing.
Application will be made for all of the 340,909,091 New Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
Customers will receive approximately 85% of the amount applied for rounded down to the nearest whole share.
Share allocations and uninvested cash are being credited today (Thursday 25 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 UKW and not Interactive Investor.
Offer period
- The Offer Period for the Greencoat UK Wind plc Share Offer closed at 9am on Tuesday 23 November 2021.
Trading starts
- Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Monday 29 November 2021. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number B8SC6K5 and trade under the symbol "UKW".
- If you buy or sell Greencoat UK Wind plc Shares after admission the relevant share dealing rate will apply.
Shonaid Jemmett-Page, Chairman of UKW said:
"We are delighted to announce another successful and oversubscribed equity raise and we are grateful for the ongoing support we have received. We look forward to maintaining our track record of dependable returns to shareholders."
Stephen Lilley of Greencoat Capital added:
"This capital raise will help fund the investment in Burbo Bank Extension along with our previously announced commitments to invest in Windy Rig, Twentyshilling and Glen Kyllachy, currently being commissioned. We continue to see a strong pipeline of attractive investment opportunities."
Key information
| Issue price per share: | 132 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | UKW |
| SEDOL: | B8SC6K5 |
Expected timetable
| Offer open: | 5 November 2021 |
| Offer close: | 23 November 2021 (9am) |
| Result announced: | 25 November 2021 |
| Unconditional dealing starts: | 29 November 2021 (8am) |
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 Greencoat UK Wind plc Prospectus in accordance with the Company's consent and the conditions set out in the Greencoat UK Wind 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.
"Greencoat UK Wind plc" and the Greencoat UK Wind plc logo are reproduced by kind permission of Greencoat UK Wind 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.