Liberum acts as Joint Bookrunner on The Renewables Infrastructure Group’s £228m fundraising
We are pleased to announce that Liberum acted as Joint Bookrunner on a Placing to raise c. £228m for The Renewables Infrastructure Group (“TRIG”) through the issue of 185m shares at 123p. The Placing was heavily oversubscribed. Investec acted as Joint Bookrunner alongside Liberum.
TRIG is a FTSE 250 listed leading renewable energy infrastructure investment company with a market cap of £2.1bn. The company seeks to provide investors with long-term stable dividends. Since IPO in 2013, total shareholder return has been in excess of 8% on an annualised basis.
TRIG is invested in a portfolio of over 70 wind, solar and energy storage infrastructure in the UK, France, the Republic of Ireland, Sweden and Germany, with an aggregate generating capacity in excess of 1.5GW.
The net proceeds of the Placing will be applied in repaying amounts drawn under TRIG’s revolving acquisition facility and to fund its pipeline of investment opportunities.
Liberum was appointed as Joint Corporate Broker to TRIG in December 2015 and has helped raise nearly £1bn since appointment.
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