Published on 11/10/2009 in the Prospect News PIPE Daily.
New Issue: Afren concludes £104.9 million private placement of ordinary stock
By Devika Patel
Knoxville, Tenn., Nov. 10 - Afren plc said it took in £104.9 million from a private placement of shares.
The company sold 129.5 million ordinary shares at 81p each via bookrunners Merrill Lynch International and Morgan Stanley Securities Ltd.
Based in London, Afren is an oil and natural gas company focused on properties in Africa.
| Issuer: | Afren plc
|
| Issue: | Ordinary shares
|
| Amount: | £104,895,000
|
| Shares: | 129.5 million
|
| Price: | 81p
|
| Warrants: | No
|
| Bookrunners: | Merrill Lynch International and Morgan Stanley Securities Ltd.
|
| Pricing date: | Nov. 10
|
| Stock symbol: | London: AFR
|
| Stock price: | 87p at close Nov. 10
|
| Market capitalization: | £645 million
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
