Gowling WLG acts on £111 million equity investments in Gigaclear plc
Gowling WLG's corporate team has acted for established client, Gigaclear plc, on aggregate of £111 million of equity investments to expand its provision of ultrafast fibre-to-the-premises networks to rural communities. Gigaclear plc is focused on bringing ultrafast pure fibre broadband direct to rural communities in the UK. Since the beginning of 2017, Gigaclear plc has further strengthened its pipeline of 'Broadband Delivery UK' ("BDUK") projects.
The equity investments (all at a subscription price of £3.25 per share) comprise of:-