Bridgepoint Group plc announced plans to issue 10 million new ordinary shares after receiving exchange notices for operating partnership (OP) units from sellers of Energy Capital Partners Holdings, LP and affiliated entities. Each share will have a nominal value of £0.00005 and will rank equally with the company’s existing ordinary shares.
The issuance stems from an Up‑C structure used in a 2023 transaction that added Energy Capital Partners entities to Bridgepoint’s platform. At closing, 185 million OP units were issued, which are exchangeable for new shares on a one‑for‑one basis. The current exchange notices cover the same number of OP units held by the sellers.
Bridgepoint has applied to have the new shares admitted to trading on the London Stock Exchange’s main market, with the admission date set for 14 September 2026. The original transaction received shareholder approval on 19 October 2023.
