Log in
Login
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SSE PLC (SSE)

Delayed Quote. Delayed  - 06/28 11:24:20 am
1409 GBp   +2.92%
06/24 SSE : response to the CMA energy market investigation
06/24DJSSE : Energy Provider SSE Sees No Immediate Risk from U.K. Leaving E..
06/24 SSE : Says Collaboration Is Needed In UK, EU Energy Markets
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Greencoat UK Wind to Raise GBP205 Million in Main Market Float

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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 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
0
React to this article
Latest news on SSE PLC
06/24 SSE : response to the CMA energy market investigation
06/24DJSSE : Energy Provider SSE Sees No Immediate Risk from U.K. Leaving EU
06/24 SSE : Says Collaboration Is Needed In UK, EU Energy Markets
06/24DJU.K. Competition Watchdog Sets Out 30 Reforms for Energy Market
06/24 SSE : CMA Energy Market Investigation Final Report
06/22DJSSE : UK Energy Regulator Consults on SSE Competition Commitments
06/22 TOP NEWS : Ofgem Launches Consultation Period Over SSE Commitments
06/22 SSE : Ofgem consults on commitments from SSE
06/08DJOfgem Mulls National Grid Request To Recoup Costs on SSE, Drax Contracts
06/08 SSE : National grid spending on power station contracts
Advertisement
News chart
Full-screen chart
Income Statement Evolution
More Financials