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LONDON - SSE PLC announced on Wednesday a retail offer of new ordinary shares through RetailBook, giving retail investors an opportunity to participate in the company’s capital raising alongside institutional investors.
The retail offer is part of a broader equity issue that includes a non-pre-emptive placing to institutional investors and a subscription by SSE’s executive management team and certain directors. The issue price will be determined following the close of the bookbuilding process.
According to the company’s statement, the retail offer is conditional on the new shares being admitted to the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange, expected on November 14, 2025.
Retail investors can participate through RetailBook’s partner network, which includes AJ Bell, Hargreaves Lansdown and interactive investor. Applications can be made through ISAs, SIPPs, or General Investment Accounts with a minimum subscription of £250 per investor.
The company stated that priority will be given to applications from existing shareholders, though the offer is open to both existing and new investors. No commission will be charged by RetailBook on applications for the retail offer shares.
SSE indicated that proceeds from the equity issue will fund the company’s five-year strategic investment plan for fiscal years 2026-2030. The company noted that while the institutional placing was structured as a non-pre-emptive offer to minimize costs and time to completion, it wanted to provide retail investors an opportunity to participate in line with Pre-Emption Group guidelines.
The new shares will rank equally with existing ordinary shares, including the right to receive all dividends and distributions declared after their issue date, including the interim dividend announced by SSE on Wednesday.
This announcement was based on a press release statement from SSE PLC.
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