IN BRIEF: Serinus Raises USD21 Million From Oversubscribed Placing

Serinus Energy PLC - upstream exploration and production firm with operations in Romania and ...

Alliance News 27 November, 2020 | 7:02PM
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Serinus Energy PLC - upstream exploration and production firm with operations in Romania and Tunisia - Has conditionally raised gross proceeds of USD21 billion, through an oversubscribed placing of 787.9 million shares at 2 pence each. Shares will be admitted on December 17. Chief Executive Jeffrey Auld subscribes for 2.0 million shares, Chief Financial Officer Andrew Fairclough subscribes for 500,000 and Non-Exec Director Eleanor Barker subscribes for 400,000. Following admission, Serinus will have 1.023 trillion shares in issue.

Current stock price: 2.23 pence; down 35% on Friday

Year-to-date change: down 75%

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Serinus Energy PLC 3.30 -
Serinus Energy PLC 0.02 -

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