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Prices & Quotes - UK Markets - GCP Infrastructure Investments Ltd (GCP)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 96.70p
Change Today:
-0.100p
Market Cap:
852.27m
Sector:
Equity Investment Instruments

GCP to subscribe for 140m in loan notes after Macquarie green bank buy

By Frank Prenesti

Date: Friday 18 Aug 2017

LONDON (ShareCast) - (ShareCast News) - GCP on Friday said it would be subscribing for 140m in loan notes as part of Macquarie Group's completed takeover of the Green Investment Bank from the UK government.
The fund, which focuses on investments in UK infrastructure debt, about 90m will be advanced in the coming days, with expected terms of between 13 - 25 years.

GCP said the notes will be used to finance the purchase and ongoing commitments related to investments secured against 23 UK-based projects across multiple sectors including waste-to-energy, onshore wind, hydro, landfill gas and building retrofit schemes.

"Each of the Projects is in receipt of, or is expected to be in receipt of, revenues arising from either government-backed public-private partnership schemes or government-sponsored mechanisms for promoting energy efficiency or renewable electricity generation in the UK," the company said.

Australian financial group Macquarie said on Friday that it had completed the controversial 2.3bn takeover of the Green Investment Bank from the UK government.

The sale, agreed in April, was criticised severely by former Cabinet ministers and environmentalists, who warned that Macquarie would asset strip the business.

Former Liberal Democrat energy and climate change secretary said at the time the sale was "environmentally irresponsible", and "politically dubious" just ahead of June's General Election.

Macquarie said it would change GIB's name to Green Investment Group to overcome regulatory barriers to using the term "bank" in some international markets.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

GCP Market Data

Currency UK Pounds
Price 96.70p
Change Today -0.100p
52 Week High 121.00p
52 Week Low 96.56p
Volume 423,418
Shares Issued 881.36m
Market Cap 852.27m

Performance Indicators

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What The Brokers Say

Strong Buy 0
Buy 0
Neutral 0
Sell 0
Strong Sell 1
Total 1
strong_sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

GCP Dividends

  Latest Previous
  2nd Interim 1st Interim
Ex-Div 06-May-21 04-Feb-21
Paid 08-Jun-21 09-Mar-21
Amount 1.75p 1.75p

Trades for 15-Jun-2021

Time Volume / Share Price
10:46 2,600 @ 96.80p
10:38 125,000 @ 96.90p
10:37 950 @ 96.91p
10:37 7,175 @ 96.91p
10:37 8,000 @ 96.80p

GCP Key Personnel

Chair Ian Reeves