Renewables Infrastructure offers new ordinary shares at 105p per share

By Lisa Kerner

Charlotte, N.C., June 24 – Renewables Infrastructure Group Ltd. announced it will place new ordinary shares at 105p per share under its share issuance program. Up to 142.5 million new ordinary shares remain available under the program, according to a news release.

The offer for the shares opens on June 24 and ends July 9. Results will be announced on July 10 and settlement will occur on July 14.

Proceeds will be used to reduce the amount drawn under the company’s acquisition facility used to partially fund the acquisition of a minority interest in a portfolio of six operational onshore wind projects in Scotland.

The new ordinary shares will, when issued, rank pari passu with the existing ordinary shares, including the right to receive the target interim dividend of 3.08p per ordinary share for the six months ending June 30.

Renewables Infrastructure is a London-based investment company with a focus on onshore wind farms and solar PV parks.

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