Trig - The Renewable Infrastructure Group - 500 Beiträge pro Seite

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...britische YieldCo

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heute ein paar Stücke geholt

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KE:

30 March 2017

The Renewables Infrastructure Group Limited


Result of Issue

Further to its announcement on 23 March 2017, the Board of The Renewables Infrastructure Group Limited is pleased to announce that the Company has raised gross proceeds of £110.0 million through the issue of 106,796,117 New Ordinary Shares at a price of 103.0 pence per New Ordinary Share (the "Placing"). The Placing was materially oversubscribed and demand has been scaled back substantially to £110 million. This represents a significant increase from the Company's initial target size of £50 million for the Placing.

Applications have been made for the New Ordinary Shares to be admitted to the premium segment of the Official List and to trading on the Main Market of the London Stock Exchange. It is expected that dealings in the New Ordinary Shares will commence at 8.00 a.m. on 3 April 2017 ("Admission").

The net proceeds from the Placing will be applied towards TRIG's pipeline of acquisitions, including the previously announced 100 per cent. interest in a 30.6MW onshore wind project in Wales and a 100 per cent. interest in a battery storage project in Scotland with 20MW of output capacity in respect of which the Company has entered into exclusivity agreements with its Operations Manager, Renewable Energy Systems ("RES").

Canaccord Genuity and Liberum Capital acted as joint bookrunners in relation to the Placing.

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in London auf Positionsgröße ausgebaut

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Antwort auf Beitrag Nr.: 55.550.190 von R-BgO am 18.08.17 10:09:12

u.a. auch deswegen:

https://www.energy-storage.news/news/res-sells-20mw-uk-proje…

RES sells 20MW UK project to investor TRIG for US$26 million

Published: 15 Aug 2017, 11:52, By: David Pratt


British investment trust, The Renewables Infrastructure Group (TRIG), has become the latest investor to enter the large scale energy storage market after buying a 20MW project from RES for £20 million (US$25.9 million).

The Broxburn energy storage project is currently under construction in West Lothian, Scotland, and is expected to be completed early next year by RES, who will maintain the site as TRIG’s operations manager. It will be the first energy storage project acquired by TRIG and RES’ fourth project in the UK.

TRIG’s chair Helen Mahy CBE said: “The use of battery storage is becoming increasingly important in enabling grid networks to match fluctuations in the supply and demand of electricity and to stabilise power frequency. This becomes especially vital as the installed base of renewables generation increases.

“We are excited to be playing a part in this by investing in Broxburn, one of the first large-scale commercial power storage projects to be developed in the UK.”

Contracts to provide balancing services were secured pre-EFR tender

The project is expected to have an operational life of 15 years but has secured an initial four year bespoke bilateral agreement to provide dynamic, two-way import and export sub-second balancing services to National Grid.

A spokesperson for RES explained: “This is a bilaterally negotiated service contract with NGET [National Grid Electricity Transmission]. Such an approach to contracting allows closer working ties than in a market-based approach and can be appropriate in the early stages of developing new services and creating new markets.”

RES secured this contract prior to last year’s Enhanced Frequency Response (EFR) tender and provides the same service to National Grid that was hotly contested in August 2016.

Revenues over the four years are substantially based on pre-determined, RPI-indexed availability payments, with this bespoke agreement no longer available since National Grid moved to a tender auction model for EFR services.

Rachel Ruffle, RES’ managing director, said: “Energy storage will play a vital role in the future of the UK grid network through delivering flexible services to support the UK’s economic growth and enable more low cost, renewable energy to be used. We look forward to delivering and operating the project at Broxburn for TRIG.”

The deal marks the latest move by a large investor into utility scale storage after Foresight entered the market with the 35MW Port of Tyne project, also a RES project, followed by the 10MW Nevendon battery acquired from Gridserve and Aura Power.

Both had won contracts in the EFR tender, showing the major interest in this revenue stream by new investors in grid-scale storage. Foresight now holds 20% of the UK's successful EFR-contracted energy storage assets.

The UK now has a 3.5GW pipeline of utility-scale energy storage projects in place and installed capacity of more than 80MW. In a blog piece published on Energy-Storage.News this week, analyst Lauren Cook of Solar Media's in-house market intelligence department took a closer look into that pipeline and what it says about UK energy storage now and in the near future.

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18 April 2018

The Board of The Renewables Infrastructure Group Limited (the "Company" or "TRIG") announces that it has today issued for cash 5 million new ordinary shares of no par value in the Company ("New Ordinary Shares") at a price of 105.6p per New Ordinary Share (the "Issue"). The New Ordinary Shares were issued pursuant to the authority to dis-apply pre-emption rights granted by the Company's shareholders at the Company's Annual General Meeting in May 2017.

The net proceeds of the Issue will be applied towards repaying amounts drawn under the Company's revolving acquisition facility with Royal Bank of Scotland plc, National Australia Bank Limited and ING Bank N.V.

Application for Admission

Application will be made to the Financial Conduct Authority for admission of the New Ordinary Shares to the premium segment of the Official List and to London Stock Exchange plc for admission to trading of the New Ordinary Shares on its main market for listed securities (the "Main Market"), (together, "Admission"). It is expected that Admission will become effective, and that dealings in the New Ordinary Shares on the Main Market will commence, on Tuesday, 24 April 2018.

Total Voting Rights

Immediately following Admission, the Company's issued share capital will consist of 1,010,684,730 Ordinary Shares with voting rights. This figure may be used by shareholders in determining the denominator for the calculation by which they will establish if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

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16 November 2018

Further to the announcement of 15 November 2018, the Board of The Renewables Infrastructure Group Limited confirms that the Company raised gross proceeds of approximately £79.05 million through the issue of 71,867,849 new ordinary shares in the capital of the Company, the maximum amount available under the Issue, at a price of 110p per new ordinary share.

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Antwort auf Beitrag Nr.: 59.299.283 von R-BgO am 26.11.18 13:58:47

nach der KE ist vor der KE:

The Renewables Infrastructure Group Limited ("TRIG" or the "Company")

Publication of a Prospectus and Circular
and
Proposed Initial Placing, Open Offer, Offer for Subscription and Intermediaries Offer

The board of directors (the "Board") of the Company is pleased to announce the publication of a prospectus (the "Prospectus") and a circular to shareholders (the "Circular") in relation to a share issuance programme of up to 450 million new Ordinary Shares and/or C Shares (the "Share Issuance Programme"), including an Initial Placing, Initial Open Offer, Initial Offer for Subscription and Intermediaries Offer to raise gross proceeds of up to £171 million (the "Initial Issue").

As set out in the Circular, the Share Issuance Programme, including the Initial Issue, is conditional on the approval of Shareholders at an Extraordinary General Meeting, which has been convened for 10.00 a.m. on 27 March 2019.

The Prospectus will shortly be made available on the Company's website (www.trig-ltd.com) and on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM. Unless otherwise defined, capitalised words and phrases in this announcement shall have the meaning given to them in the Prospectus.

Key Highlights

· Under the Initial Issue, TRIG is proposing to issue up to 150 million new Ordinary Shares at an issue price of 114 pence per Ordinary Share (the "Initial Issue Price") to raise gross proceeds of up to £171 million.

· The Initial Issue Price represents a 4.0 per cent. discount to the middle market closing price of 118.8 pence as at close of business on 6 March 2019, and a 2.2 per cent. premium to the Company's NAV per Ordinary Share of 111.6 pence as at 28 February 2019.

· The proceeds from the Initial Issue will principally be used to repay the amounts drawn under the Company's Revolving Acquisition Facility and to help to meet its outstanding investment commitments which the Company expects to make (further details of which are set out below).

· Under the Initial Open Offer, up to 130,930,306 new Ordinary Shares will be made available to Qualifying Shareholders pro rata to their holdings of Ordinary Shares on the basis of 1 New Ordinary Share for every 9 Ordinary Shares held as at close of business on 5 March 2019. The balance of New Ordinary Shares to be made available under the Initial Issue, together with any New Ordinary Shares not taken up pursuant to the Initial Open Offer, will be made available under the Excess Application Facility, the Initial Placing and, the Initial Offer for Subscription and/or the Intermediaries Offer.

· The New Ordinary Shares issued pursuant to the Initial Issue will rank for the quarterly interim dividend of 1.66 pence which is expected to be declared in May 2019 and paid in June 2019 with respect to the three months ended 31 March 2019.

· The Board have reserved the right, in consultation with the Joint Bookrunners and the Investment Manager, to increase the size of the Initial Issue in the event that overall demand for the New Ordinary Shares exceeds the target size provided that the maximum amount raised under the Initial Issue will not exceed the Outstanding Commitments and the amount drawn under the Revolving Acquisition Facility as at the Initial Closing Date.