Greencoat UK Wind (UKW)

Sector:

Investment Firms

Index:

FTSE 250

139.20p
   
  • Change Today:
    -0.20p
  • 52 Week High: 152.80
  • 52 Week Low: 102.00
  • Currency: UK Pounds
  • Shares Issued: 1,518.16m
  • Volume: 1,209,124
  • Market Cap: £2,113.28m

Greencoat UK Wind raises £131m in placing

By Josh White

Date: Wednesday 13 Feb 2019

LONDON (ShareCast) - (Sharecast News) - Listed renewable infrastructure fund Greencoat UK Wind confirmed the result of its placing on Wednesday, which it had initially announced on 1 February.
The FTSE 250 company said gross issue proceeds totalled £131m, with 102,946,483 new ordinary shares to be issued, increasing total ordinary shares to 1,234,668,373.

It said net proceeds would be used to repay or reduce future drawdowns under its revolving credit facility.

"We are grateful for the continued support from our shareholders, which has led to another oversubscribed equity capital raise and is reflective of the strong demand for UKW's attractive investment returns, proven track record and simple, low risk model," said Greencoat UK Wind chairman Tim Ingram.

The board said that, following the receipt of net issue proceeds and completion of the Stronelairg and Dunmaglass acquisitions, the firm should have £794m of outstanding debt, of which £400m was long term debt, and which would be equal to approximately 34% of gross asset value.

It said application would be made for the 102,946,483 new ordinary shares to be admitted to the Official List of the UK Listing Authority, and to trading on the London Stock Exchange's main market for listed securities, with effect from 0800 GMT on 27 February, provided shareholders vote in favour of the resolutions proposed at the upcoming general meeting.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

UKW Market Data

Currency UK Pounds
Share Price 139.20p
Change Today -0.20p
% Change -0.14 %
52 Week High 152.80
52 Week Low 102.00
Volume 1,209,124
Shares Issued 1,518.16m
Market Cap £2,113.28m

UKW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.53% below the market average10.53% below the market average10.53% below the market average10.53% below the market average10.53% below the market average
40.83% below the sector average40.83% below the sector average40.83% below the sector average40.83% below the sector average40.83% below the sector average
Price Trend
68.16% above the market average68.16% above the market average68.16% above the market average68.16% above the market average68.16% above the market average
78.80% above the sector average78.80% above the sector average78.80% above the sector average78.80% above the sector average78.80% above the sector average
Income
31.64% below the market average31.64% below the market average31.64% below the market average31.64% below the market average31.64% below the market average
53.54% below the sector average53.54% below the sector average53.54% below the sector average53.54% below the sector average53.54% below the sector average
Growth
11.29% above the market average11.29% above the market average11.29% above the market average11.29% above the market average11.29% above the market average
10.78% above the sector average10.78% above the sector average10.78% above the sector average10.78% above the sector average10.78% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 2
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

UKW Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 14-May-20 13-Feb-20
Paid 29-May-20 28-Feb-20
Amount 1.77p 1.73p

Trades for 22-May-2020

Time Volume / Share Price
16:35 85,057 @ 139.20p
16:29 139 @ 139.40p
16:29 2 @ 139.40p
16:25 900 @ 139.40p
16:25 1,230 @ 139.40p

UKW Key Personnel

Chair Shonaid Jemmett-Page

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