PKF supports admission to the Main Market of the London Stock Exchange
We are pleased to have supported Cindrigo Holdings Limited on their admission to the Main Market of the London Stock Exchange.
The company has raised gross proceeds of £2,061,239 through the issue of 13,499,994 Placing Shares plus 3,677,000 Subscription Shares at 12p per ordinary share of £0.01 each, giving the company a market capitalisation of approximately £40.07 million on admission.
Cindrigo is a renewable energy developer and producer that is building a high capacity, clean baseload power generation portfolio across Europe. This includes a 110 MW biomass combined heat and power plant in Finland and three geothermal energy projects in Germany. Alongside this, the Company maintains an active development strategy with several additional renewable energy projects and licenses under evaluation.
“We’re delighted to be joining the London Stock Exchange’s Main Market — a key milestone for Cindrigo as we continue to build on our growth ambitions. We appreciate the PKF Transaction Services team’s support and expertise throughout the process.”
Lars Guldstrand, CEO, Cindrigo Holdings Limited
PKF acted as reporting accountant on the transaction and the Capital Markets team included Joseph Baulf, John Paolo Dula and Gareth Evans.
Find out more about how our Capital Markets team can support you and your business here.
