Octopus Renewables Infrastructure trust announced first fundraise since IPO

Looks to raise £100m

Anna Fedorova
clock • 2 min read
Fresh fundraising for renewables trust
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Fresh fundraising for renewables trust

Octopus Renewables Infrastructure Trust has announced a fresh placing aiming to raise £100m to fund a "strong pipeline" of future investment opportunities.

The trust is issuing 96,551,724 ordinary shares at a price of 103.5p per share, representing a premium of 6.3% to the NAV as at 31 March and a discount of 3.5% to the closing price per share on 9 June, which was 107.2p. Holders of ordinary shares issued in this placing will also be entitled to receive the Q2 dividend, which is expected to be 1.25p per share and will be declared and paid in August. The latest placing represents the first proposed fundraise by the trust following the £350m raised at its IPO in December 2019. The company currently holds 24 renewable assets across Euro...

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