25 July 2017
McCann FitzGerald advises Greencoat Renewables on its initial public offering
We advised Greencoat Renewables on its initial public offering (IPO) and the admission to trading of its Ordinary Shares on AIM and ESM markets of the London Stock Exchange plc and Irish Stock Exchange plc.
Greencoat is the first listed renewable energy infrastructure company on the Irish Stock Exchange and has to date placed 270 million shares, conditional on Admission, at an issue price of €1.00 per Ordinary Share raising gross proceeds of €270 million. Greencoat Renewables intends to acquire further operating Irish wind farms and, over time, to acquire operating wind and solar assets in certain other Eurozone countries with the objective of generating attractive risk adjusted returns for shareholders.
Trading commenced today, 25 July 2017 on the ESM market of the Irish Stock Exchange and the AIM market of the London Stock Exchange.