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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Scottish and Southern Energy    SSE   GB0007908733

SCOTTISH AND SOUTHERN ENERGY (SSE)
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Greencoat UK Wind to Raise GBP205 Million in Main Market Float

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02/06/2013 | 08:33am CEST

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 [email protected]

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

Stocks mentioned in the article : RWE AG, SSE PLC
Stocks mentioned in the article
ChangeLast1st jan.
RWE 1.37% 21.4 Delayed Quote.24.24%
SCOTTISH AND SOUTHERN ENERGY 1.42% 1355.5 Delayed Quote.1.33%
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Financials ( GBP)
Sales 2018 30 010 M
EBIT 2018 1 707 M
Net income 2018 1 128 M
Debt 2018 8 959 M
Yield 2018 7,06%
P/E ratio 2018 11,80
P/E ratio 2019 11,48
EV / Sales 2018 0,75x
EV / Sales 2019 0,73x
Capitalization 13 481 M
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Scottish and Southern Ener Technical Analysis Chart | SSE | GB0007908733 | 4-Traders
Technical analysis trends SCOTTISH AND SOUTHERN ENER
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 14,3  GBP
Spread / Average Target 7,2%
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Managers
NameTitle
Alistair Phillips-Davies Chief Executive Officer & Executive Director
Richard D. Gillingwater Chairman
Tony Keeling Chief Operations Officer
Gregor Alexander Finance Director & Executive Director
Katie Bickerstaffe Independent Non-Executive Director
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