Government-backed Asia sustainable energy infrastructure trust IPO opens to retail investors

$335m raise

James Baxter-Derrington
clock • 2 min read
Initial admission and dealings in ordinary shares will commence at 8am on 14 December.

Initial admission and dealings in ordinary shares will commence at 8am on 14 December.

The ThomasLloyd Energy Impact trust, which will provide investors with access to unlisted sustainable energy infrastructure assets in Asia, has expanded its IPO to include retail investors.

Following its intention to float announcement from 4 November, the trust has now published its prospectus and laid out a timetable for its listing. The trust, to which the UK Government committed up to £25m of seed capital, is seeking to raise gross proceeds of up to $335m through the issue of up to 300 million ordinary shares by way of an initial placing, offer for subscription and intermediaries offer. UK government set to seed ThomasLloyd renewable energy trust focusing on emerging Asian economies At the date of the prospectus, retail investors will be able to participate in the...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Investment Trusts

abrdn's Bruce Stout said the most "corrosive" of all factors was the "tangible change in sentiment"

Discount narrows on Murray International as it delivers positive returns

9.5% share price total return

Kathleen Gallagher
clock 12 August 2022 • 2 min read
Rob Murphy, managing director of financials at Edison Group

Investment companies can provide returns despite market uncertainty

Increase exposure to ESG

Rob Murphy
clock 11 August 2022 • 4 min read
The Baillie Gifford US Growth trust is managed by Kirsty Gibson (pictured) and Gary Robinson.

Baillie Gifford US Growth returns drop over 45% but maintains strategy conviction

Discount at 12% from a premium in 2021

clock 09 August 2022 • 3 min read