April 4, 2018 / 8:03 PM / in 7 months

BRIEF-DNO raises Faroe Petroleum stake to 25.4 pct

April 4 (Reuters) - Dno Asa:

* DNO COMPLETES TENDER FOR SHARES IN FAROE PETROLEUM

* ANNOUNCED TODAY SUCCESSFUL COMPLETION OF A REVERSE BOOK BUILDING PROCESS OF 10 PERCENT OF SHARES IN FAROE PETROLEUM

* THROUGH REVERSE BOOK BUILDING, DNO WILL ACQUIRE 36,660,000 SHARES AT GBP 1.25 PER SHARE WHICH REPRESENTS 10 PERCENT OF OUTSTANDING SHARES IN FAROE

* FOLLOWING PURCHASE, DNO WILL OWN 93,015,825 SHARES WHICH REPRESENTS 25.37 PERCENT OF OUTSTANDING SHARES IN FAROE PETROLEUM Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below