VH Global Sustainable Energy Opportunities falls £28m short of proceeds target

Initially targeted £150m

VH Global Sustainable Energy Opportunities has raised gross proceeds of £122m in its most recent fundraise, short of its initial £150m target.

When the company opened its offer for subscription on 9 June, it set a £150m target for its proceed raise, adding it may increase to £280m if all went well. But evidently the plethora of market headwinds in the form of inflation and the continuous volatility have held back fundraising, although Bernard Bulkin, chair of GSEO, chose to see the positives, calling it a "great achievement" in the face of the "challenging market conditions". Food costs drive UK shop price inflation to highest level since 2008 He said: "I would like to thank our existing investors for their continuing sup...