SSE announced a conditional retail offer of new ordinary shares of 50 pence each in the capital of SSE via RetailBook. There is a minimum subscription of 250 pounds per investor in the retail offer.
The company is also conducting a non-pre-emptive placing of new ordinary shares to certain eligible institutional investors by way of an accelerated bookbuilding process. The retail offer is not part of the placing.
Also, the executive management team and certain directors of the company have agreed, conditional on the placing, to subscribe for new ordinary shares. The net proceeds of the equity issue will be used as part of the overall funding of SSE's five-year strategic investment plan for fiscal 2026-30.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.