The Renewables Infrastructure Group Limited Share Offer
This offer is now closed for applications through interactive investor
Results of the IPO
- The Issue Price was set at 123 pence per New Ordinary Share
- The Renewables Infrastructure Group Limited (TRIG) has successfully raised gross proceeds of approximately £240 million.
- Application has been made to the London Stock Exchange for 195 million New Ordinary Shares to be admitted to trading on the main market of the London Stock Exchange.
- 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 24 March 2021). Confirmation of allocations will be sent once the shares are showing on accounts.
- Please note, the allocation policy was set by TRIG and not Interactive Investor.
Offer period
- The Offer Period for The Renewables Infrastructure Group Limited share offer closed at 9am on Tuesday 23 March 2021.
Trading starts
- Admission and unconditional dealing in the New Ordinary Shares is expected to commence at 8am on Friday 26 March 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 BBHX2H9 and trade under the symbol "TRIG".
- If you buy or sell The Renewables Infrastructure Group Limited Ordinary Shares after admission the relevant share dealing rate will apply.
Helen Mahy CBE, Chairman of TRIG, said:
"We are again grateful for the support of existing Shareholders in this fundraising and warmly welcome our new institutional and retail Shareholders. This fundraise will enable the Company to continue to support the growth of its portfolio of renewable infrastructure assets. TRIG's diversified portfolio delivers an attractive yield to investors whilst displacing carbon emissions."
Key information
| Issue price per share: | 123 pence |
| Minimum investment: | £1,000 (multiples of £1 thereafter) |
| Stock ticker: | TRIG |
| SEDOL: | BBHX2H9 |
Expected timetable
| Offer open: | 5 March 2021 |
| Offer close: | 23 March 2021 (9am) |
| Result announced: | 24 March 2021 |
| Unconditional dealing starts: | 26 March 2021 (8am) |
Offer documents
This video is the property of The Renewables Infrastructure Group Limited and has been reproduced with their kind permission.
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 TRIG Prospectus in accordance with the Company's consent and the conditions set out in the TRIG 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.
"The Renewables Infrastructure Group Limited" and The Renewables Infrastructure Group Limited logo are registered trademarks of The Renewables Infrastructure Group Limited. Reproduced by kind permission of The Renewables Infrastructure Group Limited. 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.