Octopus Energy invests in floating wind specialist Ocergy
Apr 25, 2024 16:40 CESTGuernsey-based renewables and infrastructure investor Foresight Group Holdings Ltd and its selling stockholders will raise a combined GBP 227 million (USD 308.4m/EUR 256.8m) in the company’s initial public offering (IPO) in London.
The company said on Thursday it has priced the offering at GBP 4.2 per share, which will give it a market capitalisation of GBP 455 million at the start of conditional dealings on the Main Market of the London Stock Exchange (LSE).
Foresight alone will raise some GBP 35 million gross by issuing 8.33 million new shares, while its selling shareholders will offer an additional 45.7 million units for a total of GBP 192 million. The company noted that immediately following admission, its issued share capital will amount to 108.33 million shares.
Commencement of conditional dealings on the bourse is taking place today under the ticker symbol "FSG". The start of unconditional dealings in the shares is scheduled for February 9.
Jefferies International Ltd and Numis Securities Ltd served as joint global coordinators and joint bookrunners. The latter is also the sole sponsor.
As previously stated by executive chairman and co-founder Bernard Fairman, the planned IPO will support Foresight’s strategy to develop its existing platform, make further acquisitions and expand and diversify both geographically and into new areas of sustainable investment.
(GBP 1.0 = USD 1.358/EUR 1.131)
Octopus Energy invests in floating wind specialist Ocergy
Apr 25, 2024 16:40 CESTConstruction begins on 120-MW Sonnedix solar complex in England
Apr 25, 2024 11:56 CESTWelsh wind project of 130 MW enters planning review
Apr 25, 2024 7:55 CESTRenewco, Locogen win consent for 39-MW Scottish PV park with storage
Apr 25, 2024 7:42 CESTScottishPower to supply British Co-op’s sites with solar power
Apr 25, 2024 7:30 CESTMedia group Sky to offtake power from 46-MW Scottish wind farm
Apr 24, 2024 11:45 CEST