Foresight Solar Fund Launches GBP200M IPO

Foresight Solar Fund Launches GBP200M IPO
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Δευ, 23 Σεπτεμβρίου 2013 - 18:21
Foresight Solar Fund Limited, a Jersey incorporated investment company, Monday launched a 200 million pounds initial public offering, and said that it intends to invest the net proceeds in an identified portfolio of U.K. ground based solar power plants.
Foresight Solar Fund Limited, a Jersey incorporated investment company, Monday launched a 200 million pounds initial public offering, and said that it intends to invest the net proceeds in an identified portfolio of U.K. ground based solar power plants.

MAIN FACTS:

-Initial public offering by way of a placing and offer for subscription of up to 200 million ordinary shares of no par value at a price of 100 pence per ordinary share.

-Binding commitments in place to acquire eight solar parks, totalling 145.4 megawatt (MW) of capacity and including the two largest solar parks in the U.K.

-Will seek admission of its shares to the premium listing segment of the Official List of the U.K. Listing Authority and for all such shares to be admitted to trading on the main market of the London Stock Exchange.

-Admission to the official list and commencement of dealings on the London Stock Exchange will commence from Oct. 29.

-Should investor appetite exceed the proposed 200 million Ordinary Shares, there is an option to extend the Issue by an additional 50 million ordinary shares.

-RBC Capital Markets has been appointed as sole global co-ordinator, sponsor and bookrunner to the company.

-Winterflood Securities Limited has been appointed as the co-lead manager.

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