Energean slides on share placing
Energean
1,022.00p
08:29 09/01/25
-0.58%
-6.00p
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
19,804.78
08:30 09/01/25
n/a
n/a
FTSE 350
4,534.17
08:30 09/01/25
n/a
n/a
FTSE All-Share
4,489.28
08:30 09/01/25
n/a
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Oil & Gas Producers
8,373.48
08:30 09/01/25
0.97%
80.71
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.