- VH Global Sustainable Energy Opportunities Plc successfully raises £122 million.
- The chair of GSEO, Bernard Bulkin, said that the company has successfully committed almost £290 million across a portfolio of 24 diversified.
The previously announced share offering by VH Global Sustainable Energy Opportunities Plc, which successfully raised £122 million in gross proceeds, has been completed. The initial offering, which includes a placing, open offer, offer for subscription, and intermediaries offer, entitles the renewables investor to issue 110.9 million new shares at GBP 1.1 each.
Within three to six months, the business reiterated that it would invest the funds in some sustainable energy infrastructure opportunities found by its investment manager Victory Hill Capital Advisors LLP. A 153 MW onshore wind portfolio in Mexico and a 198 MW hydropower plant in Brazil are two of the three projects that make up the so-called “improved pipeline” the company previously stated it aims.
The chair of GSEO, Bernard Bulkin, said that the company has successfully committed or deployed almost £290 million across a portfolio of 24 diversified assets since its debut in February 2021.
“Our total capital raised has now reached over £ 455 million in less than 18 months. This further financial commitment of £122 million, from both new and current shareholders, will support our future growth objectives.”
Bulkin and three other board members of the corporation participated in the first controversy.