Foresight Group Holdings Limited Foresight Sustainable Forestry Co. proposed IPO (7554K)
06 September 2021 - 04:05PM
UK Regulatory
TIDMFSG TIDMTTM
RNS Number : 7554K
Foresight Group Holdings Limited
06 September 2021
6 September 2021
Foresight Group Holdings Limited
Announcement of Foresight Sustainable Forestry Company PLC's
proposed IPO on the London Stock Exchange
Foresight Group Holdings Limited ("Foresight"), a leading
infrastructure and private equity manager, is pleased to note
today's announcement by Foresight Sustainable Forestry Company PLC,
an investment company that will invest in UK forestry,
afforestation and voluntary carbon credit assets, that it intends
to undertake an initial public offering on the Main Market of the
London Stock Exchange by way of an initial institutional placing,
offer for subscription and intermediaries offer for a target issue
of up to 200 million new ordinary shares in aggregate at an initial
issue price of 100 pence per Ordinary Share. The investment company
is to be managed by Foresight Group LLP and intends to carry on
business as an investment trust. The Prospectus for the proposed
IPO is due to be released in October 2021 and the close is expected
to take place in November 2021.
A full copy of this announcement can be found at:
https://www.foresightgroup.eu/foresight-sustainable-forestry-company-plc/
Bernard Fairman, Executive Chairman of Foresight, said: "For
some years now Foresight, as one of a very few significant players
in this sector, has been looking to scale up its forestry
investments in an appropriate structure for a wide range of
investors to participate in and this LSE Main Market listed
sustainable forestry company launch represents the next development
in that journey. Forestry is a real asset, and a natural and
growing store of value, independent of the economic cycle and if
ever there was a time for the world to embrace investment into more
trees, this is it. In the UK, we import the vast majority of our
sawn timber requirement, a situation which is not sustainable. The
UK and global economies are re-opening and demand for timber is
pushing significantly ahead of supply. There is an enormous drive
for us all to use more sustainable building and other products.
With international recognition that sustainable forestry and
afforestation can play a vital role in combatting climate change
through net C02 emissions reductions, we truly believe that this is
very much a fund of its time."
About Foresight Group Holdings Limited
Foresight Group was founded in 1984 and is a sustainable,
diversified asset manager. With a long-established focus on ESG and
sustainability-led strategies, it aims to provide attractive
returns to its institutional and private investors from
hard-to-access private markets. Foresight Group manages over 350
infrastructure assets (accounting for 90% of the Company's AUM)
with a focus on solar and onshore wind assets, bioenergy and waste,
as well as renewable energy enabling projects, energy efficiency
management solutions, social and core infrastructure projects, and
sustainable forestry assets. Its private equity team manages
regionally focused investment funds across the UK, supporting 125
SMEs at the end of June 2021. Foresight Group operates from 12
offices across the UK, Europe and Australia, with an AUM at end of
June 2021 of GBP7.8 bn.
Foresight Group Holdings Limited listed on the Main Market of
the London Stock Exchange in February 2021.
https://www.fsg-investors.com/
Enquiries:
Foresight Group
Jo-anna Nicolle jnicolle@foresightgroup.gg / +44 (0) 7790
804263
Citigate Dewe Rogerson (Public relations adviser to Foresight
Group)
Caroline Merrell caroline.merrell@citigatedewerogerson.com / +44
(0) 7852 210329
Toby Moore toby.moore@citigatedewerogerson.com / +44 (0) 7768
981763
Corporate Brokers
Jefferies +44 (0) 20 7029 8000
Paul Nicholls
Graham Davidson
Lee Morton
Max Jones
Numis +44 (0) 20 7260 1000
Stephen Westgate
Charlie Farquhar
Jamie Loughborough
Laura White
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