29th Apr 2015 15:58
LONDON (Alliance News) - Kulczyk Investments SA and some of its subsidiaries plan to sell their entire 8.0% stake in Ophir Energy PLC, amounting to 56.6 million shares in the company, via an accelerated bookbuild.
JP Morgan Securities PLC, which conducts Kulczyk's UK investment banking activities, will act as sole bookrunner in connection to the placing. The final price of the shares will be agreed at the close of the bookbuild process.
Shares in Ophir closed down 5.3% at 161.90 pence Wednesday.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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