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Faroe Petroleum Plc updates on placing


Friday, 13 Jun 2014 08:18am EDT 

Faroe Petroleum Plc:Says it successful completion of the proposed placing, as announced on June 12.Says total of 54,170,000 new ordinary shares of 10 pence each in Faroe have been placed by Panmure Gordon, Oriel, RBC and Pareto at a price of 120 pence per placing share.Raising gross proceeds of about 65 mln pounds.Says the size of the Placing has been increased from the base size of about 45 mln pounds to 65 mln pounds.Placing Shares being issued represent about 25.45 per cent. of the Company's existing issued ordinary share capital.It is expected that Admission will take place on June 18. 

Company Quote

88.0
-2.0 -2.22%
20 Oct 2014