John Laing Environmental Assets Group Limited has proposed a £30m share issue to finance a pipeline of biomass and anaerobic digestion projects.
The company said the proceeds of the share issuance will be used to repay amounts drawn down to fund these projects under the its revolving credit facility.
The company will issue a prospectus for the shares in the next week and will be sold following a bookbuilding process, managed by Winterflood Securities.
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