Tilt Renewables to raise A$260m of new equity

Tue, 19 Feb 2019

By Rebecca Howard Feb. 20 (BusinessDesk) - Tilt Renewables plans to raise approximately A$260 million of new equity to help fund its A$560 million Dundonnell wind project. Melbourne-based Tilt said the underwritten pro-rata accelerated entitlement offer has an issue price of NZ$1.75 per new share. The issue price is a 25.8 percent discount to Tilt's closing price on the NZX yesterday of NZ$2.36 and a 19 percent discount to the theoretical ex-entitlement price of NZ$2.16, it said. Trading of the stock is currently halted. Under the...

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