Energean slides on share placing
Energean
1,019.00p
16:40 19/04/24
3.87%
38.00p
Energean tumbled on Tuesday on news that Third Point Hellenic Recovery was placing around 6 million shares in the exploration and production company.
FTSE 250
19,391.30
17:09 19/04/24
n/a
n/a
FTSE 350
4,341.08
17:09 19/04/24
n/a
n/a
FTSE All-Share
4,296.41
17:08 19/04/24
n/a
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Oil & Gas Producers
9,468.77
17:10 19/04/24
0.39%
36.49
The amount of shares being placed represents a stake of around 3.4% and Third Point is Energean’s biggest shareholder.
Bank of America and Stifel are acting as joint bookrunners.
At 0910 GMT, Energean shares were down 7.3% at 728.20p.