RENEWABLES investment trust Atrato Onsite Energy has announced its intention to float with a £150m IPO in what will mark the first-ever listing from a company with an all-female board on the
Atrato Onsite Energy, which has been established to invest mainly in solar panels on the roofs of large commercial buildings, is expected to close the IPO by the end of November.
Today, the investment trust announced it is seeking to raise £150m when it floats through ordinary shares, and will aim for the premium segment of
Targeting a five per cent per share dividend from day one, the new trust then intends to grow the annual total return to between eight and 10 per cent.
The company will have an independent board of three non-executive directors led by
"The Company will play a leading role in providing new green power capacity, delivering businesses a dedi- cated clean energy supply at a low fixed cost," said Davenport, chair of the new trust.
Atrato also said it will also focus its investments on long-term assets with limited exposure to the wholesale power prices that are currently sending the
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