27th Jun 2014 11:33
LONDON (Alliance News) - Oil and gas exploration company Petroceltic PLC day said a group of directors bought shares as part of the Second Tranche of the share placing.
Details are as follows.
Director | Shares purchased as part of Second Tranche of placing | Purchase price | Shares held post transaction | % of share capital post-Second Tranche Placing |
|
|
|
|
|
Brian O'Cathain | 76,464 | £1.57 | 271,073 | 0.13% |
Tom Hickey | 76,464 | £1.57 | 349,314 | 0.16% |
David Thomas | 22,031 | £1.57 | 154,442 | 0.07% |
Hugh McCutcheon | 6,401 | £1.57 | 66,327 | 0.03% |
Rob Arnott | 7,344 | £1.57 | 9,554 | 0.00% |
James Agnew | 2,447 | £1.57 | 8,784 | 0.00% |
Alan Parsley | 979 | £1.57 | 7,033 | 0.00% |
Petroceltic said on June 16 that it intended to raise USD100 million in a placing of 37.9 million shares with institutional investors, at EUR0.3125 each. Dovenby Capital, an investment company led by experienced Malaysian oil and gas industry specialist Ahmad Fuad, would invest GBP30 million, becoming a new strategic shareholder.
Petroceltic said it would use the proceeds to pursue growth opportunities across its existing portfolio and also through new ventures, to bridge funding pending receipt of Sonatrach farm out proceeds, as well as for additional debt availability under the senior secured facility and for general corporate purposes.
Shares were down 1.9% at 152.75 pence Friday.
By Arvind Bhunjun; [email protected]; @ArvindBhunjun
Copyright 2014 Alliance News Limited. All Rights Reserved.
Related Shares:
PCI.L