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Foresight Solar Fund raises £28.9m

09 September 2016 09:30

Foresight Solar Fund Limited has raised £28.9m, gross, trough an oversubscribed placing announced on 5 September.

A total of 28,152,143 ordinary shares will be sold out of treasury at 102.5 pence apiece.

Following the placing, the company's issued share capital remains the same and comprises 309,955,375 ordinary shares, but with zero shares held in treasury.

Chairman Alex Ohlsson said: "We are delighted with the results of the placing, with support from both existing and new investors meaning the placing was oversubscribed. The proceeds from the placing will go towards taking advantage of the company's attractive 200MW pipeline of UK solar assets."

At 9:30am: (LON:FSFL) Foresight Solar Fund Ltd share price was +0.13p at 103.38p

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