Current share price: £11.80
Previous share price: £7.10
Price change 66.2%
Original share price: £5.90
Tidal Lagoon Plc’s business is the development, construction and operation of tidal lagoons. Success is the achievement of planning consent, the achievement of financial close and the commencement of operation. The company is privately funded. To date it has been funded by Mark Shorrock, Shire Oak Energy Ltd, David & Heather Stevens, SIMEC, High Net Worth Individuals and re-investing Tidal Lagoon (Swansea Bay) Plc (TLSB) investors.
Forthcoming community bond offer
Shortly we hope to be able to offer bonds for sale to the general public as part of the Development Phase financing* in line with our proven commitment to offer community ownership. Our proposed community bonds give you the chance to participate in the future fleet of lagoons we are developing through Tidal Lagoon Plc. We already have many local investors.
*Subject to Tidal Lagoon Plc obtaining sufficient financing and the necessary permissions.
The Community Bond Offer is targeted at local people as well as others who wish to invest in the development phase of the project. Preference will be given to the people of South Wales and the Severn Estuary.
The community bonds provide the prospect of investment in major green infrastructure developments, that aim to improve energy security for the nation and amenities for local people, in projects being led by a team of industry experts.
To register your interest in our Community Bond Offer, please complete the registration form below. Such a registration does not commit the sender to invest.
Our financial year end is 31 December and our Annual General Meeting for shareholders takes place in June.
Annual General Meeting
Held each year, this meeting provides shareholders with the opportunity to meet with the Board of the Company and to pose any questions which they might have directly to the Company’s management. At this meeting, the Company presents its accounts and reports to shareholders for approval and seeks members’ permission to appoint the Company’s auditors and the fixing of their remuneration. From time to time, the Company may also seek shareholders’ approval for other matters.
We take our environmental responsibilities seriously and would like to send shareholders future Notices via electronic means. If you agree, please click here and register for Shareview, the online shareholder portal provided by our Share Registrar, Equiniti David Venus Limited, trading as SLC Registrars. Once registered, you will be able to view and confirm your holding and holdings in any other companies for which Equiniti are Registrar, and, through the click of a button, register for all future TL Plc communications to be provided by electronic means.
Regular updates are provided by email to all registered shareholders.
We seek to actively engage with our shareholders and provide regular updates on the project. If you have a query please contact the Investor Relations team, via email@example.com or telephone: 01452 303892.