News

Intention to Raise further funds

·

Further to the announcement of the announcement that GIG is to build a HVDC Cable factory at Port of Tyne, the Company anticipates it will be seeking estimated funding over the next year of: 

  • £35 million for the build-up of GIG Services and for the expenditure necessary to reach FID on the Factory; and to work towards FID on ASC (“FID Working Capital”) 
  • Construction capital at FID, including potentially up to £4.5bn in in debt, equity and grant funding for both the HVDC Factory and for ASC at FID 
  • Potential funding for the acquisition of subsea cable assets, both operational and in development. 

Press and Investor Information

Please download the attached PDF to read this statement in full.

Company enquiries to:

Chrissie.boyle@stg-globalinterconnectorgroup-staging.kinsta.cloud or gig@admina.gg

Registered office

First Floor, 10 Lefebvre Street St Peter Port Guernsey GY1 2PE

Media inquiries to:

James Culverhouse EQ James.culverhouse@eqcorp.co

+44 20 7223 1100 / +44 7912 508 322