TRIG to launch fundraise to finance 'attractive opportunities'

Follows Hornsea One acquisition

The Renewables Infrastructure Group (TRIG) has begun the bookbuilding process ahead of a fundraising round to finance what it described as “new attractive opportunities across TRIG’s core markets”.

The fundraise will involve issuing new ordinary shares by way of a non-pre-emptive tap issuance. Investec and Liberum, which are acting has join bookrunners, have started the bookbuilding process to determine the level of demand from potential investors. The new shares are not being offered at a fixed price. To bid in the bookbuild, investors must communicate their bid either by telephone or to their usual sales contact at Investec or Liberum. Each bid should state the number of shares the prospective investor wishes to subscribe to, and the price or price range they are offering to p...