By Devika Patel
Knoxville, Tenn., April 3 - Afren plc said it took in £118.75 million in a private placement of shares.
The company sold 95 million ordinary shares at 125p each.
Merrill Lynch International was the bookrunner and Jefferies International Ltd. was a co-lead manager.
Based in London, Afren is an oil and natural gas company focused on properties in Africa.
Issuer: | Afren plc
|
Issue: | Ordinary shares
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Amount: | £118.75 million
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Shares: | 95 million
|
Price: | 125p
|
Warrants: | No
|
Bookrunner: | Merrill Lynch International
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Settlement date: | April 3
|
Stock symbol: | London: AFR
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Stock price: | 126.75 at close April 2
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