Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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


News SummaryMost relevantAll newsSector newsTweets 

Greencoat UK Wind to Raise GBP205 Million in Main Market Float

share with twitter share with LinkedIn share with facebook
share via e-mail
02/06/2013 | 08:33am CET

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.


-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
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on SSE PLC
10:49a SSE increases stake in UK Dogger Bank offshore wind development
03/20 Big Six Energy Suppliers To Lose More Market Share Due To Price Cap
03/13 Factbox - Energy price changes by utilities in Britain
03/13 SSE to raise standard British domestic electricity prices from April 28
03/13 TOP NEWS : SSE Follows Other Big Six Energy Firms In Raising Prices
03/13DJSSE : Raises Domestic Electricity prices 14.9% From April 28
03/13 SSE : Changes to standard GB domestic energy prices
03/07 CENTRICA : E.ON Ups Energy Prices To Follow Most Rivals, Only SSE Left To Decide
03/06 SSE : Launches Investigation After Smart Meter Glitch - Sky
03/03 SSE : Issue of Hybrid Capital Securities
More news
Sector news : Electric Utilities - NEC
03/22 South Korea's KEPCO in talks to buy Toshiba's stake in UK nuclear project NuG..
03/21DJPOWER ASSETS : 2016 Net Profit Down 17% at HK$6.42 Billion
03/17 Enel says not right time for big deals in European power
03/17 TOKYO ELECTRIC POWER : Tepco denies it plans to scrap reactor at plant close to ..
03/15 Resources stock rally drives European shares to two-week closing high
More sector news : Electric Utilities - NEC
News from SeekingAlpha
2016 SSE Plc (SSEZY) Investor Presentation - Slideshow
2016 Atlantica Yield Is Top Utility Dog For Gains Per Broker September Ratings
2016 PALO ALTO NETWORKS : Whither Now?
2016 WESTERN DIGITAL : As Low As It Gets?
2016 Is Ericsson A Long-Term Play?
Financials ( GBP)
Sales 2017 30 440 M
EBIT 2017 1 717 M
Net income 2017 1 177 M
Debt 2017 8 581 M
Yield 2017 6,10%
P/E ratio 2017 12,98
P/E ratio 2018 12,81
EV / Sales 2017 0,78x
EV / Sales 2018 0,78x
Capitalization 15 241 M
More Financials
Duration : Period :
SSE PLC Technical Analysis Chart | SSE | GB0007908733 | 4-Traders
Full-screen chart
Technical analysis trends SSE PLC
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 16,0  GBP
Spread / Average Target 6,9%
Consensus details
EPS Revisions
More Estimates Revisions
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Gregor Alexander Executive Director & Finance Director
Katie Bickerstaffe Independent Non-Executive Director
Jeremy J. Beeton Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
SSE PLC-3.54%19 062
SOUTHERN CO3.13%49 715
IBERDROLA SA3.38%45 437
PG&E CORPORATION11.01%34 255
More Results