The Octopus Renewables Infrastructure Trust successfully raises a further £150 million
July 2021
The Octopus Renewables Infrastructure Trust (ORIT) has successfully raised a further £150m, exceeding its target by £50m through a Placing, Open Offer, Offer for Subscription and Intermediaries Offer of ordinary shares of £0.01 each which was announced on 7th July 2021.
Taking into account the Company’s investment pipeline and investor demand, the board determined to increase the size of the Issue to approximately £150 million, from approximately £100 million, and issue a total of 144,927,536 Ordinary Shares at the Issue Price of 103.5 pence per Ordinary Share.
Having originally produced the IPO prospectus in November 2019 and subsequently the inaugural annual report in March 2021, the Perivan shareholder communications team were delighted to work with Peel Hunt who were appointed as Sponsor, Broker, Placing Agent and Intermediaries Offer Adviser to the share issuance programme which required a 255-page tripartite prospectus containing a Summary, Registration Document and Securities Note, which was successfully published and posted to qualifying shareholders on 10th June 2021.
Perivan specialise in the production and publication of financial documents relating to shareholder and investor communications for quoted companies, private companies and open and closed-ended funds
