VH Global Sustainable Energy Opportunities plc Share Offer
This offer is now closed for applications through interactive investor
Result of Initial Issue
The Issue Price has been set at 110 pence per new Ordinary Share.
VH Global Sustainable Energy Opportunities plc (GSEO) has successfully raised gross proceeds of £122 million, through its Placing, Open Offer, Offer for Subscription and Intermediaries Offer.
Applications will be made for 110,909,091 new Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
Allocations have been met in full, meaning customers will receive 100% of the amount they applied for rounded down to the nearest whole share.
Share allocations and uninvested cash are being credited today (Wednesday 29 June 2022). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.
Please note the allocation policy was set by GSEO and not Interactive Investor.
Offer period
- The Offer Period for the VH Global Sustainable Energy Opportunities plc Share Offer closed at 12pm (noon) on Monday 27 June 2022.
Trading starts
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Friday 1 July 2022. There is no conditional dealing period.
- When admitted to trading, the new Ordinary Shares will be registered with SEDOL (Stock Exchange Daily Official List) number BNKVP75 and trade under the symbol "GSEO".
- If you buy or sell VH Global Sustainable Energy Opportunities plc Shares after admission the relevant share dealing rate will apply.
Bernard Bulkin OBE, Chair of GSEO, commented:
"Since IPO in February 2021 we have successfully committed or deployed c.£290m across an attractive portfolio of 24 assets diversified by both technology and geography. This further capital commitment of £122m, from both new and existing shareholders, will support our future growth ambitions and takes our total capital raised to over £455m in less than 18 months. This is a great achievement in challenging market conditions and I would like to thank our existing investors for their continuing support and welcome those new investors to our shareholder register. Their investment provides a strong endorsement of our strategy and ability to deploy capital into appropriate projects quickly and effectively.
"The Company is well capitalised, and with its inflation linked revenue streams, is well positioned to navigate the current market volatility, deliver returns to shareholders and continue making a positive impact on the global energy transition."
Key information
| Issue price per share: | 110 pence |
| Minimum investment: | £550 (multiples of £1 thereafter) |
| Stock ticker: | GSEO |
| SEDOL: | BNKVP75 |
Expected timetable
| Offer open: | 9 June 2022 |
| Offer close: | 27 June 2022 (12pm) |
| Result announced: | 29 June 2022 |
| Unconditional dealing starts: | 1 July 2022 (8am) |
This website is issued by, and is the sole responsibility of, Interactive Investor Services Limited. This website is an advertisement and not a Prospectus. Any application to participate in the Initial Intermediaries Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto, which is available from https://data.fca.org.uk/#/nsm/nationalstoragemechanism and the Company's website at www.vh-gseo.com. It should be remembered that the price of the shares can go down as well as up and that investors may not receive, on the sale or cancellation of the shares, the amount that they invested. If you are in doubt about the contents of this document or the Prospectus, you should consult your accountant, legal or professional adviser or financial adviser.
Interactive Investor Services Limited uses the VH Global Sustainable Energy Opportunities plc Prospectus in accordance with the Company's consent and the conditions set out in the VH Global Sustainable Energy Opportunities plc Prospectus.
Investing in IPOs carries a high degree of risk. If you are unsure of the suitability of an investment please seek Financial Advice. You are not guaranteed to make a profit, the value of your investments can go down as well as up. You may not get back all the money you invest. Any notification of an IPO on our website is not an endorsement of the issue, nor is it solicitation for interest in the issue. Investment in the Company should not be regarded as short-term in nature. You should consider carefully all of the information set out in the Offer documents, including all the risks attached to investing in the Company before you apply.
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This announcement has been published by Interactive Investor Services Limited.
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