Octopus Renewables Infrastructure Trust plc Share Offer
This offer is now closed for applications through interactive investor
Results of the Issue
- The Issue Price was set at 103.5 pence per new Ordinary Share
- Octopus Renewables Infrastructure Trust plc (ORIT) has successfully raised gross proceeds of £150 million.
- Applications have been made to the London Stock Exchange for 144,927,536 Ordinary Shares to be admitted to trading on the London Stock Exchange's main market.
- Demand for the Issue exceeded both the target issue size and the maximum issue and applications have been scaled back.
- We have allocated shares on a pro-rata basis across all customer applications in line with the allocation received from ORIT.
- Customers will receive approximately 86.6% of the amount applied for rounded down to the nearest whole share.
- Share allocations and uninvested cash are being credited today (Wednesday 7 July 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts
- Please note the allocation policy was set by ORIT and not Interactive Investor.
Offer period
- The Offer Period for the Octopus Renewables Infrastructure Trust plc Share Offer closed at 1pm on Tuesday 6 July 2021.
Trading starts
- Admission and unconditional dealing in the new Ordinary Shares is expected to commence at 8am on Friday 9 July 2021. 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 BJM0293 and trade under the symbol "ORIT".
- If you buy or sell Octopus Renewables Infrastructure Trust plc Shares after admission the relevant share dealing rate will apply.
Phil Austin, Chairman of Octopus Renewables Infrastructure Trust plc, commented:
"I am delighted to announce the results of the Issue, achieving another oversubscribed fundraise. On behalf of the Board I would like to thank existing shareholders for supporting us through the first 18 months as a listed entity and allowing us to demonstrate our Investment Manager's exceptional track record and expertise within the sector. I would also like to welcome new shareholders and to thank them for their support as ORIT enters into its next phase and continues to execute on its pipeline of investment opportunities."
Key information
| Issue price per share: | 103.5 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | ORIT |
| SEDOL: | BJM0293 |
Expected timetable
| Offer open: | 10 June 2021 |
| Offer close: | 6 July 2021 (1pm) |
| Result announced: | 7 July 2021 |
| Unconditional dealing starts: | 9 July 2021 (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 Offer can and will only be made on the basis of the Prospectus, together with any supplements thereto.
Interactive Investor Services Limited uses the Octopus Renewables Infrastructure Trust plc Prospectus in accordance with the Company's consent and the conditions set out in the Octopus Renewables Infrastructure Trust 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.
"Octopus Renewables Infrastructure Trust plc" and the Octopus Renewables Infrastructure Trust plc logo are registered trademarks of Octopus Renewables Infrastructure Trust plc. Reproduced by kind permission of Octopus Renewables Infrastructure Trust plc. All rights reserved.
This announcement has been published by Interactive Investor Services Limited.
This announcement has been prepared and is the sole responsibility of Interactive Investor Services Limited of Exchange Court, Duncombe Street, Leeds, LS1 4AX, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.