REG - Greencoat Renewables - Intention to List

Greencoat RenewablesAnnouncement

13/05/2025 07:02

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RNS Number : 3479I  Greencoat Renewables PLC  13 May 2025

 

 

 

 

 

Greencoat Renewables proposed secondary listing on the Johannesburg Stock
Exchange

 

Dublin, London | 13 May 2025: Greencoat Renewables PLC ("Greencoat", "the
Company" or "GRP"), the renewable energy infrastructure company investing in
European renewable energy generation assets, is in the process of applying for
a secondary inward listing on the Alternative Exchange of the Johannesburg
Stock Exchange ("JSE") by way of an introduction.

 

The Company has received strong interest in the listing from a number of South
African institutional investors, attracted to GRP's scale, strong track
record, high cash generation and progressive approach to distributions.

 

GRP believes that admission to trading of its shares on the JSE will be
beneficial to the Company and its stakeholders as it will enhance liquidity
for shareholders, diversify the Company's shareholder base and position
Greencoat for growth, by providing access to a new and deep capital market.

 

The listing of GRP on the JSE is expected to become effective later this year,
subject to the necessary regulatory approvals in South Africa which are well
advanced. The Company will not place or issue any new GRP shares as part of
the listing and will remain listed on the Euronext Growth Market in Dublin and
the Alternative Investment Market in London.

 

Valeo Capital Proprietary Limited has been appointed as sole Corporate Advisor
and JSE Sponsor for the listing.

 

Ronan Murphy, Non-Executive Chairman of Greencoat Renewables, said:

 

"We are pleased to announce that, following detailed consideration, we are in
the process of applying for an additional listing on the JSE. We have been
encouraged by the response of highly reputable South African institutional
investors, and expect to increase liquidity, broaden the Company's shareholder
base and position it for future growth in due course. Through the continued
generation of high and secure cashflows, we consider the Company well placed
to provide local investors with attractive Euro-denominated returns going
forward".

 

For further information:

 

 Schroders Greencoat LLP (Investment Manager)
 Bertrand Gautier
 Paul O'Donnell
 John Musk                                                                +44 20 7832 9400

 Valeo Capital Proprietary Limited (Corporate Advisor & JSE Sponsor)
 Johannes Human                                                           greencoat@valeocapital.co.za (mailto:greencoat@valeocapital.co.za)

 David Tosi

 Prescient Securities (South African Stockbroker)
 Stephen Heath                                                            +27 21 700 3797

 Surette Drew

 FTI Consulting (Investor Relations & Media)
 Sam Moore                                                                +353 87 737 9089
 Aoife Mullen                                                             greencoat@fticonsulting.com (mailto:greencoat@fticonsulting.com)

 Barclays Bank PLC (Joint Broker)
 Dion Di Miceli                                                           +44 20 7623 2323
 Stuart Muress
 James Atkinson

 Davy (Joint Broker, NOMAD and Euronext Growth Listing Sponsor)

 Brian Garrahy                                                            +353 1 679 6363

 Ronan Veale
 RBC Capital Markets (Joint Broker)
 Matthew Coakes
 Elizabeth Evans                                                          +44 20 7653 4000

 

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