Energean slides on share placing
Energean
984.00p
09:29 15/11/24
-0.10%
-1.00p
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
20,509.85
09:40 15/11/24
n/a
n/a
FTSE 350
4,458.52
09:40 15/11/24
n/a
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FTSE All-Share
4,416.58
09:40 15/11/24
n/a
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Oil & Gas Producers
7,999.04
09:40 15/11/24
0.76%
60.49
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.