Greencoat UK Wind (UKW)

Sector:

Investment Firms

Index:

FTSE 250

141.60p
   
  • Change Today:
    -1.00p
  • 52 Week High: 152.80
  • 52 Week Low: 102.00
  • Currency: UK Pounds
  • Shares Issued: 1,518.16m
  • Volume: 642,808
  • Market Cap: £2,149.72m

Greencoat UK Wind raises ?375m through share issuance programme

By Josh White

Date: Thursday 30 May 2019

LONDON (ShareCast) - (Sharecast News) - Greencoat UK Wind announced the results of its initial placing and initial offer for subscription on Thursday, under its share issuance programme, which was initially announced on 2 May.
The FTSE 250 company confirmed gross issue proceeds of £375m, with 281,954,887 new ordinary shares to be issued, increasing total ordinary shares to 1,516,927,700.

"We are pleased to announce another successful equity capital raise and are grateful for the continued support from our shareholders," said chairman Tim Ingram.

"We look forward to continuing to deliver on our proven track record."

Stephen Lilley of Greencoat Capital added that in 2019, the company had added two further "high quality" investments to the portfolio, in Stronelairg and Dunmaglass, with a third at Tom nan Clach to follow shortly.

"This equity capital raise enables UKW to continue to leverage our experience and acquisition expertise to make further attractive investments and provide dependable returns to shareholders."

Following the receipt of net issue proceeds and assuming the completion of the investment in Tom nan Clach, Greencoat said it would have £575m of outstanding debt, including £400m of long term debt, equivalent to 23% of gross asset value.

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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 141.60p
Change Today -1.00p
% Change -0.70 %
52 Week High 152.80
52 Week Low 102.00
Volume 642,808
Shares Issued 1,518.16m
Market Cap £2,149.72m

UKW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
10.86% below the market average10.86% below the market average10.86% below the market average10.86% below the market average10.86% below the market average
37.87% below the sector average37.87% below the sector average37.87% below the sector average37.87% below the sector average37.87% 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
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Income
31.31% below the market average31.31% below the market average31.31% below the market average31.31% below the market average31.31% below the market average
51.18% below the sector average51.18% below the sector average51.18% below the sector average51.18% below the sector average51.18% below the sector average
Growth
11.42% above the market average11.42% above the market average11.42% above the market average11.42% above the market average11.42% above the market average
10.18% above the sector average10.18% above the sector average10.18% above the sector average10.18% above the sector average10.18% 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 29-May-2020

Time Volume / Share Price
14:06 5,935 @ 141.40p
14:02 975 @ 141.50p
14:02 1,664 @ 141.50p
14:02 277 @ 141.46p
14:02 1,410 @ 141.60p

UKW Key Personnel

Chair Shonaid Jemmett-Page

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