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SSE PLC - Perth, Scotland-based electricity generator - Raises £2 billion via placing, subscription and retail offer at 2,050 pence each. Around 97.6 million shares are placed with existing institutional shareholders and other investors. Concurrently, eligible retail investors subscribed for 339,342 shares at the placing price and the executive management team and certain other directors subscribed for 16,319 shares. Chief Executive Martin Pibworth says: ‘We appreciate the very strong level of support behind this equity placing from our investor base, and their clear endorsement of our transformational investment plan announced today. Our focus now turns to accelerating our investment to help build a cleaner, more secure and more affordable energy system.’ Earlier Wednesday, SSE unveils a £33 billion five-year investment plan to be part funded by the fund raise. Current share price: 2,307.00 pence, closed up 17% in London on Wednesday 12-month change: up 29% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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