Tilt Renewables to return A$260m to shareholders in buyback

Wed, 08 Apr 2020

Tilt Renewables will return A$260 million to shareholders via a pro-rata buyback at a time when other companies are asking for more capital. The renewable energy developer is flush with cash, having sold its Snowtown 2 wind farm in December, when it pocketed A$455 million. It currently has A$535 million of unrestricted cash, not including commitments for its Dundonnell and Waipipi farms, currently under construction. “This is a great opportunity for Tilt to let its 8,100 shareholders benefit directly from the highly successful sale of Sno...

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