18th May 2018 11:01
LONDON (Alliance News) - Oil and gas firm Serinus Energy PLC on Friday begun trading on London's AIM market, while peer Block Energy PLC plans to float in early June and video game developer Team17 Group PLC is scheduled to for listing next Wednesday.
Serinus Energy closed a placing of 66.7 million shares at a price of 15.0 pence per share, raising GBP10.0 million in total. Serinus currently has 217.3 million shares issued overall.
The company has separately applied to delist its share listed on the Toronto Stock Exchange next Tuesday, while keeping its listings on the Warsaw Stock Exchange and AIM, on the grounds that the low trading volume of its share in Toronto no longer justifies the costs needed to keep them.
London listed shares in Serinus Energy are trading at 16.50 pence each on Friday, up 10% from its IPO price.
Team17 Group has priced its initial public offering of 27.3 million new shares and 37.8 million existing shares at 165.0 pence per share, raising GBP107.5 million in total.
On admission, which is scheduled for next Wednesday, the video game developer will have 131.3 million shares issued overall, and a market capitalisation of GBP217.0 million, based on the issue price.
Berenberg is acting as global coordinator and broker, while GCA Altium acts as nominated adviser to Team17.
In addition, Georgia-focused oil company Block Energy PLC said it plans to list on AIM for early June by raising up to GBP4.0 million, through the issue of an undisclosed amount of shares at 4.0 pence per share.
Block Energy expects to have a market capitalisation of GBP9.3 million on listing, with 233.0 million shares in issue.
SPARK Advisory Partners Ltd is acting as nominated adviser and Novum Securities Ltd as broker to Block Energy.
Related Shares:
Serinus Energy