VH Global Sustainable Energy Oppt. Result of Placing (1231U)
01 December 2021 - 6:00PM
UK Regulatory
TIDMGSEO
RNS Number : 1231U
VH Global Sustainable Energy Oppt.
01 December 2021
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The information communicated in this Announcement is deemed to
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the Market Abuse Regulations (EU) No. 596/2014 as it forms part of
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Announcement, this information is considered to be in the public
domain.
1 December 2021
VH Global Sustainable Energy Opportunities plc
Result of Placing
The Board of VH Global Sustainable Energy Opportunities plc
("GSEO" or the "Company") is pleased to announce that the Company
has raised a further GBP70 million pursuant to the placing (the
"Placing") announced on 8 November 2021 (the "Placing
Announcement"). Accordingly, the Company will issue a total of
68,965,518 New Ordinary Shares at the placing price of 101.5 pence
per New Ordinary Share.
GSEO intends to use the net proceeds of the Placing to invest in
its enhanced pipeline of assets which are high quality and
diversified by geography and technology.
Bernie Bulkin, Chair of the Company, commented:
"Taking the GBP70 million that has been committed as part of the
Placing means that we have successfully raised over GBP312 million
since the Company was launched in February this year. The capital
raised, coupled with the strong pipeline of opportunities that we
have already identified, should allow us to maintain our strong
investment momentum into 2022.
I would like to thank our existing investors for their
continuing support and welcome those new investors to our
shareholder register.
As economies around the world reassess their approaches towards
a net-zero carbon future following COP26, the Company is both well
positioned, and well capitalised, to continue its leadership role,
driving the energy transition while making a positive impact on the
environment and the local communities in which we invest."
Further details
Applications have been made to the Financial Conduct Authority
for admission of 68,965,518 New Ordinary Shares to the premium
segment of the Official List of the Financial Conduct Authority and
to the London Stock Exchange for admission to trading of the New
Ordinary Shares on its main market for listed securities
("Admission"). It is expected that Admission will become effective
at or around 8.00 a.m. on 3 December 2021 and that unconditional
dealings in the New Ordinary Shares will commence at that time.
The New Ordinary Shares will, when issued, be credited as fully
paid and rank pari passu with the existing Ordinary Shares in the
capital of the Company, including the right to receive all future
dividends and distributions declared, made or paid. For the
avoidance of doubt, any New Ordinary Shares issued pursuant to the
Placing will not be entitled to the interim dividend announced on 1
November 2021 payable to shareholders on the register of the
Company as at 12 November 2021.
Immediately following Admission, the Company's issued share
capital will consist of 311,589,799 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 Guidance and
Transparency Rules.
Directors' participation in the Placing
The Directors participated in the Placing and acquired 205,000
New Ordinary Shares. Following Admission, the Directors will hold
240,000 Ordinary Shares, representing 0.1% of the Company's
Ordinary Shares in issue.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meanings given to them in the Placing
Announcement, which can be found on GSEO's webpage:
https://www.vh-gseo.com/ .
For further information please contact:
Edelman Smithfield (PR Adviser)
Ged Brumby / Andrew McLagan
Tel: + 44 (0)7540 412 301 / +44 (0)7817 998
161
Victory Hill Capital Advisors LLP (Investment
Adviser)
Navin Chauhan
info@victory-hill.com
Numis (Sponsor and Bookrunner)
Sales - Tod Davis
Corporate - David Benda / Matt Goss
Tel: +44 (0)20 7260 1000
G10 Capital Limited (AIFM)
Mohammed Rahman / Paul Cowland
Tel: + 44 (0)20 7397 5450
Apex Fund and Corporate Services (UK) Limited
(Company Secretary)
Anthony Lee
Tel: +44 7435 829323
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