Result of Equity Issue

South East Water Limited
15 May 2025
 

South East Water equity injection

 

South East Water is pleased to announce that our shareholders have entered into unconditional contracts to subscribe for £200 million of new equity into South East Water Limited by no later than the 31st May 2025. This equity injection will reduce our gearing to below 65%, further reinforcing the financial stability of the company.

 

This upcoming investment follows a previous £75 million equity injection made in December 2024, underscoring our shareholders' continued commitment to supporting the financial resilience of South East Water.

 

The investment by shareholders in the company does not alter our conclusion, as set out in our Statement of Case presented to the Competition and Markets Authority, that we do not consider that the AMP8 Final Determination provides the right foundations for the long-term investability of the water sector.

 

ENDS

 

Financial enquiries: James Grant, South East Water (james.grant@southeastwater.co.uk)

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 

Companies

SOUTH EAST WATER LD (53HO)
UK 100
FTSE quotes by TradingView

Latest directors dealings

All directors dealings today