Greencoat UK Wind (UKW)

Sector:

Investment Firms

Index:

FTSE 250

140.90p
   
  • Change Today:
      0.70p
  • 52 Week High: 151.70p
  • 52 Week Low: 127.30p
  • Currency: UK Pounds
  • Shares Issued: 2,287.16m
  • Volume: 2,644,992
  • Market Cap: £3,222.60m

Greencoat UK Wind launches £198m placing to pay down debt, fund acquisitions

By Michele Maatouk

Date: Friday 12 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Renewable infrastructure fund Greencoat UK Wind said on Friday that it was launching a placing to raise up to £198m to pay down debt and fund acquisitions.
Greencoat said it plans to place up to 150.85 million shares at 131p each, which is a 2.1% discount to the closing share price on Thursday.

"Proceeds from the placing will be used to repay or reduce borrowings under the company's revolving credit facility to allow the company to fund its strong pipeline of acquisition opportunities, including an acquisition in the near term and £162m of previously announced committed acquisitions over the next 12 months," it said.

Greencoat said that following completion of the near-term acquisition, and assuming the maximum amount is raised in the placing, it expects to have outstanding gearing of 28% of gross asset value, of which £700m is fixed rate term debt.

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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 140.90p
Change Today 0.70p
% Change 0.50 %
52 Week High 151.70p
52 Week Low 127.30p
Volume 2,644,992
Shares Issued 2,287.16m
Market Cap £3,222.60m

UKW Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.18% above the market average35.18% above the market average35.18% above the market average35.18% above the market average35.18% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
24.43% below the market average24.43% below the market average24.43% below the market average24.43% below the market average24.43% below the market average
46.83% below the sector average46.83% below the sector average46.83% below the sector average46.83% below the sector average46.83% below the sector average
Income
81.13% above the market average81.13% above the market average81.13% above the market average81.13% above the market average81.13% above the market average
17.86% above the sector average17.86% above the sector average17.86% above the sector average17.86% above the sector average17.86% above the sector average
Growth
25.18% below the market average25.18% below the market average25.18% below the market average25.18% below the market average25.18% below the market average
21.17% below the sector average21.17% below the sector average21.17% below the sector average21.17% below the sector average21.17% below the sector average

What The Brokers Say

Strong Buy 2
Buy 3
Neutral 1
Sell 0
Strong Sell 0
Total 6
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 16-May-24 15-Feb-24
Paid 31-May-24 29-Feb-24
Amount 2.50p 3.43p

Trades for 31-May-2024

Time Volume / Share Price
16:37 17,432 @ 140.90p
16:35 554,934 @ 140.90p
16:35 1,003 @ 140.90p
16:35 539 @ 140.90p
16:35 3,933 @ 140.90p

UKW Key Personnel

Chair Lucinda Riches

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