Smart meters firm Calisen (LON: CLSN) has set its offer price at 240p a share. That values the company at £1.32bn, which is slightly lower than the £1.5bn that had been suggested. Calisen is raising £300m before expenses and existing shareholders are selling shares to generate £28.8m. The expenses of the offer are £25m. The cash will be used to fund existing and new smart meter roll-outs in the UK. Calisen will reapy £227m of equity bridge loans. Calisen intends to pay a nominal dividend until 2024 after which there will be more substantial dividends. AIM-quoted Smart Metering Systems (LON: SM...
