30th Apr 2015 07:24
LONDON (Alliance News) - Ophir Energy PLC shares fell at the open Thursday after Kulczyk Investments SA sold its entire 8% holding in the company at a discount.
Kulczyk sold 56.6 million shares in the FTSE 250-listed oil and gas explorer for 140 pence per share, raising a total of 79.3 million. Ophir shares were down 11% just after the open to 143.255 pence.
Following the sale, Kulczyk will hold no shares in Ophir.
The sale was run by JPMorgan Securities PLC, which was the sole bookrunner on the deal.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
OPHR.L