Interactive Investor

Pantheon Infrastructure plc Share Offer

This offer is now closed for applications through interactive investor

Result of over-subscribed IPO

  • The Issue Price was set at 100 pence per Ordinary Share.

  • Pantheon Infrastructure plc (PINT) has successfully raised gross proceeds of £400 million, through its Placing, Offer for Subscription and Intermediaries Offer.

  • Applications substantially exceeding both the target of £300 million and the £400 million maximum size of the Issue. Accordingly, a scaling-back exercise has been undertaken.

  • Application has been made for 400,000,000 Ordinary Shares and 80,000,000 Subscription Shares to be admitted to trading on the London Stock Exchange's main market.

  • Customers will receive approximately 86% of the amount applied for rounded down to the nearest whole share, plus Subscription Shares on the basis of one Subscription Share for every five Ordinary Shares allocated.  Find out more

  • Share allocations and uninvested cash are being credited today (Thursday 11 November 2021). Confirmation of allocations will be sent once the shares and refunds are showing on accounts.

  • Please note the allocation policy was set by PINT and not Interactive Investor.

Offer period

  • The Offer Period for the Pantheon Infrastructure plc Share Offer closed at 1pm on Tuesday 9 November 2021.

Trading starts

  • Admission and unconditional dealing in the Ordinary Shares is expected to commence at 8am on Tuesday 16 November 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 BLNNFL8 and trade under the symbol "PINT".
  • If you buy or sell Pantheon Infrastructure plc Shares after admission the relevant share dealing rate will apply.

Vagn Sørensen, Chairman of the Company, said:

"The importance of investing in sustainable new infrastructure has never been more apparent and we are delighted with the depth of interest that PINT has received. We thank investors for their support and look forward to updating you on the deployment of the IPO proceeds."

Richard Sem, Partner, Pantheon Ventures, said:

"Private capital has an important role in adapting and creating the infrastructure that we require for a sustainable future, and I'm delighted that PINT has enabled public market investors to access these opportunities. Through our network, the Pantheon platform benefits from favourable access to a high volume of quality assets, with downside protected cash flows, strong ESG credentials, and positive exposure to secular changes in society."

Subscription Shares

Each successful applicant in the Initial Issue has, in addition, been allotted Subscription Shares on the basis of one Subscription Share for every five Ordinary Shares allocated. Fractions of Subscription Shares were not issued and entitlements were rounded down to the nearest whole number of Subscription Shares.

Each Subscription Share will confer the right (but not the obligation) to subscribe for one Ordinary Share upon exercise of the Subscription Right and payment of 101 pence per Ordinary Share.

Subscription Rights may be exercised for all or any of the Ordinary Shares to which a holder’s Subscription Shares relate:

  • On any of 30 June 2022, 29 July 2022 and 31 August 2022 (31 August 2022 being the “Final Subscription Date”); and
  • on any other date falling prior to the Final Subscription Date determined by the Directors in their absolute discretion

A detailed explanation of the rights of the Subscription Shares is set out in Part 9 (The Subscription Shares) of the Prospectus.

The Subscription Shares will be registered with ISIN number GB00BLNNFN03 and SEDOL number BLNNFN0

Key information

Issue price per share:100 pence
Minimum investment:£1,000 (multiples of £1 thereafter)
Stock ticker:PINT
SEDOL:BLNNFL8

Expected timetable

Offer open:13 October 2021
Offer close:9 November 2021 (1pm)
Result announced:11 November 2021
Unconditional dealing starts:16 November 2021 (8am)

Offer announcements

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. 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 any 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 Pantheon Infrastructure plc Prospectus in accordance with the Company's consent and the conditions set out in the Pantheon Infrastructure 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.

"Pantheon Infrastructure plc" and the Pantheon Infrastructure plc logo are reproduced by kind permission of Pantheon Infrastructure 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 201 Deansgate, Manchester, M3 3NW, which is an authorised person for the purposes of the Financial Services and Markets Act 2000.