Foresight Group Holdings Limited Foresight Sustainable Forestry Co. launch of IPO (5037Q)
October 28 2021 - 1:05AM
UK Regulatory
TIDMFSG TIDMTTM
RNS Number : 5037Q
Foresight Group Holdings Limited
28 October 2021
28 October 2021
Foresight Group Holdings Limited
Announcement of Foresight Sustainable Forestry Company Plc's
launch of Initial Public Offering
Foresight Group Holdings Limited ("Foresight"), a leading
infrastructure and private equity manager, is pleased to note
today's announcement by Foresight Sustainable Forestry Company Plc
(the "Company"), an externally managed investment company that will
invest in UK forestry and afforestation assets. The Company is
launching its proposed initial public offering on the Premium
Segment of the Official List and the Main Market of the London
Stock Exchange, by way of an initial institutional placing, offer
for subscription and intermediaries offer for a target issue of up
to 200 million ordinary shares (the "Ordinary Shares") at an
initial issue price of 100 pence per Ordinary Share (the "Issue
Price") (the "Initial Issue").
This announcement follows the Company's Intention to Float
announcement dated 6 September 2021. The Company will be managed by
Foresight Group LLP and intends to carry on business as an
investment trust. The Initial Placing, Offer for Subscription and
Intermediaries Offer will open today and are expected to close on
18 November 2021. Initial Admission and the commencement of
dealings in the Ordinary Shares issued pursuant to the Initial
Issue is expected to take place at 8.00am on 24 November 2021.
A full copy of this announcement can be found at:
fsfc.foresightgroup.eu
Bernard Fairman, Executive Chairman of Foresight, said:
"As calls for action on climate change become louder each day
and corporate net zero pledges continue to rise, forestry provides
a unique investment opportunity as a truly sustainable asset class
with exceptional ESG and sustainability credentials. Until now,
there has been no listed UK-focused forestry investment company
available to investors. The opportunity to invest in UK forestry
strategies has only been open to investors who were willing to lock
into relatively illiquid private structures, often with high
minimum investment thresholds, or to acquire forest properties
directly themselves. By launching Foresight Sustainable Forestry
Company Plc, we are seeking to provide a unique offering which, as
well as delivering attractive returns, has the potential to drive
progressive sustainability results in the UK forestry industry over
the coming years."
About Foresight Group Holdings Limited
Foresight Group was founded in 1984 and is a leading
infrastructure and private equity investment manager operating from
12 offices across six countries in Europe and Australia with AUM of
GBP8.1 billion as at 30 September 2021. With a long-established
focus on ESG and sustainability-led strategies, it aims to provide
attractive returns to its institutional and private investors from
hard-to-access private markets. Foresight manages over 300
infrastructure assets with a focus on solar and onshore wind
assets, bioenergy and waste, as well as renewable energy enabling
projects, energy efficiency management solutions, social and core
infrastructure projects and sustainable forestry assets. Its
private equity team manages eight regionally focused investment
funds across the UK, supporting over 120 SMEs. Its Foresight
Capital Management team manages four funds investing in listed real
assets with environmental and social benefits, exceeding GBP1.3
billion Assets Under Management (AUM). . Foresight Group Holdings
Limited listed on the Main Market of the London Stock Exchange in
February 2021. https://www.fsg-investors.com/
Enquiries:
Foresight Group
Jo-anna Nicolle jnicolle@foresightgroup.gg / +44 (0) 7790
804263
Citigate Dewe Rogerson (Public relations adviser to Foresight
Group)
Caroline Merrell caroline.merrell@citigatedewerogerson.com / +44
(0) 7852 210329
Toby Moore toby.moore@citigatedewerogerson.com / +44 (0) 7768
981763
Corporate Brokers
Jefferies +44 (0) 20 7029 8000
Paul Nicholls
Graham Davidson
Lee Morton
Max Jones
Numis +44 (0) 20 7260 1000
Stephen Westgate
Charlie Farquhar
Jamie Loughborough
Laura White
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCPPGWPUUPGPWM
(END) Dow Jones Newswires
October 28, 2021 02:05 ET (06:05 GMT)
Foresight (LSE:FSG)
Historical Stock Chart
From Apr 2024 to May 2024
Foresight (LSE:FSG)
Historical Stock Chart
From May 2023 to May 2024