Member access

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  SSE PLC    SSE   GB0007908733

SSE PLC (SSE)

41
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

Greencoat UK Wind to Raise GBP205 Million in Main Market Float

02/06/2013 | 02:33am US/Eastern
Recommend:
0

LONDON--Greencoat U.K. Wind PLC, which invests in wind farms, Wednesday said it plans to raise at least 205 million pounds in an initial public offering on the Main Market of the London Stock Exchange.

MAIN FACTS:

-Company to raise GBP205 million by means of Deeds of Subscription, a Placing and an Offer for Subscription of Ordinary Shares, with the option to increase the size of the Issue by up to GBP55 million

-Company will be fully invested from launch as it has signed agreements to acquire a seed portfolio of operational U.K. wind farms from two major utilities: RWE AG (>> RWE AG) and SSE PLC (>> SSE PLC)

-Greencoat U.K. Wind will aim to provide shareholders with a sustainable income stream through an initial annual 6 pence dividend on the issue price of 100 pence

-Department for Business, Innovation and Skills has committed to subscribe for 50 million Ordinary Shares

-SSE has committed to subscribe for up to 43 million Ordinary Shares

-Expected that dealings in Shares will commence in March

-Board will be chaired by Tim Ingram, former chief executive of Caledonia Investments

Write to Jana Weigand at jana.weigand@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : RWE AG, SSE PLC
Recommend :
0
React to this article
Latest news on SSE PLC
1d agoDJSSE : to Sell Hampshire Data Centre for GBP12 Million
1d ago SSE : To Sell Hampshire Data Centre To SCC for GBP12 Million
1d ago SSE : SCC builds services business capability with further data centre investmen..
1d ago SSE : Notification of Close Period September 2014
3d ago SSE : Non-Executive Reinvests Dividends (DIRECTOR DEALINGS)
3d ago SSE : Expects First-Half Earnings To Be Ahead Year On Year
3d agoDJSSE Expects Rise in Fiscal 2015 Adjusted EPS
09/23 SSE : Executives Reinvest Dividends (DIRECTOR DEALINGS)
09/22 SSE : *goldman cuts sse price target to 1460 pence - 'sell'
09/19 SSE : *traders: hsbc raises sse scottish & southern energy to 'neutral' ('underw..
Advertisement
Chart
Duration : Period :
SSE PLC Technical Analysis Chart | SSE | GB0007908733 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF