Published on 3/28/2008 in the Prospect News PIPE Daily.
New Issue: BowLeven sells £39.14 million of stock in private placement
By Devika Patel
Knoxville, Tenn., March 28 - BowLeven plc said it has raised £39.14 million in a private placement of shares.
The company sold 11,970,874 shares at 327p each.
Merrill Lynch International and Hoare Govett Ltd. were joint bookrunners.
Based in Edinburgh, Scotland, BowLeven is an oil and gas company.
| Issuer: | BowLeven plc
|
| Issue: | Stock
|
| Amount: | £39,144,757.98
|
| Shares: | 11,970,874
|
| Price: | 327p
|
| Warrants: | No
|
| Bookrunners: | Merrill Lynch International, Hoare Govett Ltd.
|
| Settlement date: | March 28
|
| Stock symbol: | London: BLVN
|
| Stock price: | 332p at close March 27
|
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