Greencoat UK Wind plc today announces the result of the placing of new Ordinary Shares announced on 12 February 2021

Highlights

• Gross issue proceeds of £198 million.
• The net proceeds 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
• Following the Placing and the completion of our near term acquisition, gearing will be equal to 28% of Gross Asset Value

Commenting on the announcement, Shonaid Jemmett-Page, Chairman of UKW said:

We are grateful for the ongoing support from our shareholders, which has led to another successful and oversubscribed equity capital raise. Our simple, low risk model continues to deliver and we look forward to maintaining our track record of dependable returns to shareholders.