EnQuest is issuing £82 mm equity by way of a Placing and Open Offer at a price of £0.23 per share. This represents a discount of 17.1% to yesterday’s close. Total commitment in the Placing and Open Offer from a fund owned by Amjad Beisu, the company CEO is £27.7 mm. The terms of the company’s Corporate Facilities and Notes are also improved with maturity extension, covenant relaxation and amortization modification. First oil at Kraken is on track for 1H17 with FY17 Capex reduced by US$50 mm to ....
14 Oct 2016
GMP FirstEnergy ― UK Energy morning research package
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GMP FirstEnergy ― UK Energy morning research package
- Published:
14 Oct 2016 -
Author:
Stephane Foucaud -
Pages:
19
EnQuest is issuing £82 mm equity by way of a Placing and Open Offer at a price of £0.23 per share. This represents a discount of 17.1% to yesterday’s close. Total commitment in the Placing and Open Offer from a fund owned by Amjad Beisu, the company CEO is £27.7 mm. The terms of the company’s Corporate Facilities and Notes are also improved with maturity extension, covenant relaxation and amortization modification. First oil at Kraken is on track for 1H17 with FY17 Capex reduced by US$50 mm to ....