Ardmore Shipping to price public offering of 4,668,389 common shares

Morgan Stanley helps fund vessel acquisitions and corporate purposes

By Devika Patel

Knoxville, Tenn., Feb. 13 - Ardmore Shipping Corp. will sell 4,668,389 common shares in a public offering with a 30-day greenshoe of 700,258 additional shares, according to a Form F-1 filed Thursday with the Securities and Exchange Commission.

Morgan Stanley is the sole bookrunning manager.

Proceeds will be used to acquire vessels and for general corporate purposes.

Ardmore is a Hamilton, Bermuda-based transporter of of petroleum products and chemicals.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.