LONDON (Alliance News) - The Renewables Infrastructure Group Ltd on Tuesday said it intends to undertake an institutional share placing to raise funds to back its acquisition plans.
The company said 16.0 million shares can still be issued under its existing placing programme, though it has not decided how many it will issue under the new placing. The new shares will be issued at 100.00 pence per share.
Shares in the company were down 0.1% to 99.95 pence on Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Renewables Infrastructure Group (TRIG)