Renewables Infrastructure Group to issue 600 million new shares to fund investment pipeline
Issued at 123p per share
Existing shareholders are entitled to subscribe for one new ordinary share for every ten ordinary shares held
Renewables Infrastructure Group (TRIG) is to issue up to 600 million shares at 123p each, with the trust ready to deploy new funds into a pipeline of potential investments.
Funds raised though the 12-month programme will also be used to finance the trust's outstanding commitments and to repay debt drawn under its revolving credit facility in acquiring assets. The company...
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