Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, said Monday it sold about 58 percent of the shares it was seeking to sell in a follow-on public offering after the company also completed a private placement.
According to a statement by Awilco LNG, 3.36 million shares were subscribed for in the subsequent offering of up to 5.71 million shares at a price of NOK 3.50 ($0.42) per share.
The Board of Directors will resolve the allocation of the offer shares according to the principles set out in the prospectus dated 21 June 2017.
The company expects that the offer shares will be issued on or about 13 July.
CFO resigns
In a separate statement issued last week, Awilco said that Snorre Schie Krogstad has decided to resign from his position as Chief Financial Officer to pursue other career opportunities.
Awiclo LNG has appointed Øyvind Ryssdal as new Chief Financial Officer.
He comes from the position of Vice President Finance & Controlling of Awilco LNG, a position he has held since 2012.
Source: LNG World News