March 12, 2018 / 12:48 PM / 2 months ago

BRIEF-Renewables Infrastructure Announces Proposed Issue Of Equity

March 12 (Reuters) - Renewables Infrastructure Group Ltd :

* PROPOSES TO RAISE UP TO £25 MILLION THROUGH ISSUE OF NEW SHARES IN CAPITAL OF CO BY WAY OF NON-PRE-EMPTIVE TAP ISSUANCE​

* ‍ISSUE OF NEW ORDINARY SHARES WILL BE AT A FIXED PRICE OF 105 PENCE PER SHARE​

* ‍NET PROCEEDS OF ISSUE WILL BE APPLIED IN REPAYING AMOUNTS DRAWN UNDER COMPANY’S REVOLVING ACQUISITION FACILITY​ Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)

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