Aquila European Renewables Income Fund is aiming to raise €100m through a share issuance to invest in clean power projects.
The company is proposing to undertake the placing at an issue price per new ordinary share of €1.03, which represents a premium of 5.0% to the company’s ex-dividend net asset value as at 30 June and a discount of 4.2% to the closing share price as at 27 August.
Advertisement
The placing is expected to close at midday (London time) on Thursday, 9 September 2021, but may close earlier or later at the absolute discretion of the company.
The maximum amount raised will not exceed €150m.
The funds raised from the proposed issuance will be deployed in line with the company’s investment policy, it added.