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SSEZY SSE PLC (PK)

21.07
0.09 (0.43%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
SSE PLC (PK) USOTC:SSEZY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.09 0.43% 21.07 20.70 21.11 21.21 20.70 21.16 173,216 21:00:05

Greencoat UK Wind to Raise GBP131 Million in Share Placing to Fund Acquisitions

01/02/2019 10:42am

Dow Jones News


SSE (PK) (USOTC:SSEZY)
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By Oliver Griffin

 

Greencoat UK Wind PLC (UKW.LN) said Friday that it will raise up to 131 million pounds ($171.9 million) through a share placing to help fund its acquisition of a 49.9% stake in the Stronelairg and Dunmaglass wind farms from SSE PLC (SSE.LN).

The company said it will place up to 102.9 million shares at a price of 127 pence a share, representing a 5% discount on the closing price of 133.80 pence on Thursday.

Shares at 1008 GMT were down 1.5% at 131.80 pence.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

February 01, 2019 05:27 ET (10:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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