26th Aug 2021 15:57
(Correcting headline and company description.)
(Alliance News) - Esken Ltd said on Tuesday, August 17 its shareholders have bought 75.0 million shares from an open offer, which was part of a fundraise to raise gross proceeds of GBP55.0 million.
The Carlisle, Cumberland-based airport operator and aviation and energy services provider closed the open offer on Monday, August 16.
The 75.0 million shares, sold at 14.0 pence each, account for 95% of the total offered in the open offer. The open offer raised GBP10.5 million.
Esken said that the remaining 3.9 million shares will go to firm placing institutions.
Shares in Esken were down 3.4% in London on Thursday afternoon at 14.20p each.
Canaccord Genuity Ltd and UBS AG London Branch acted as joint bookrunners.
"It is pleasing to see the level of support which we have received from our existing shareholders in the open offer," said Chair David Shearer.
"The successful fundraise will give us a sound platform as we emerge from the pandemic."
Esken on Thursday confirmed it has completed its GBP125 million financing deal for London Southend Airport with Carlyle Group. The financing is in the form of a senior loan facility from Carlyle Global Infrastructure Opportunity Fund LP, which is convertible into a 30% stake in the airport. Esken said it has drawn down the loan following shareholder approval at a general meeting last week.
By Josie O'Brien; [email protected]
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