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

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Registered office

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

Media inquiries to:

James Culverhouse EQ

+44 20 7223 1100 / +44 7912 508 322