GreenVolt raises another €20 million with greenshoe shares

After obtaining €130 million with the capital increase that took them to the stock exchange, GreenVolt is preparing to raise almost €20 million more with the placement of a supplementary batch of securities. The banks placing the company’s new shares have exercised the greenshoe option, with the securities standing at €4.25 each.

“as agreed pursuant to the Underwriting Agreement entered into on July 1, 2021, the Joint Global Coordinators have, for and on behalf of the Managers, exercised the Greenshoe Option in full today, July 26, 2021,” the company reveals in a statement sent to the Securities and Exchange Commission (CMVM).

By exercising these additional securities, which were reserved, Greenvolt will go ahead with the issue of an additional 4,588,235 shares that will be sold at the same price as they were in the IPO (€4.25). Currently, the securities of Altri’s green energy company are trading on the stock exchange at €4.74.

With this decision, the banks guarantee additional cash for the newest company on the Lisbon stock exchange, which had already raised €130 million, money that will be used to acquire companies so that GreenVolt can grow in the renewables business.

“Greenvolt further informs that will, within the next five business days, resolve on the corresponding share capital increase of €19,499,998.75, by issuing the Option New Shares at the abovementioned price per Share, as well as carry out any acts deemed necessary to such effect,” the company concludes.