Renewable infra trust launches London equity raise

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By Sam Kerr
23 Nov 2020

The Renewable Energy Infrastructure Group (Trig), a UK investment trust that invests in assets generating electricity from renewable sources, has launched a non-pre-emptive capital raising on the London Stock Exchange for acquisition funding. However, the size will depend on a shareholder vote in December.

Investec and Liberum Capital, the company’s corporate brokers, are bookrunners on the deal. The shares will be issued at £1.25, a 5.6% to the closing price of 132.4p on Friday, November 20.

The company said that it will have “a near-term funding commitment” of around £200m once it ...

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