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Gresham House Energy Storage Fund PLC - London-based specialist alternative asset manager - Aims to raise approximately £80 million through a share placing and retail offer to fund its Project Iliad acquisition, a 160 megawatts solar battery energy storage project in California. Up to 54.1 million new shares, 10% of the company’s current total, will be sold at a fixed price of 155.5 pence per share. Placing will be run by investment bank Jeffries International Ltd. Size of retail offer will be capped at the sterling equivalent of €8 million. Project Iliad requires a total equity consideration of £135 million. Current stock price: 156.36 pence, down 1.4% on Thursday 12-month change: up 4.9% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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