OSH oil search limited
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May 1 (Reuters) - Oil Search Ltd (OSH) : COMPLETION OF RETAIL...

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    01/05/20
    11:20
    Post #: 44376892

    May 1 (Reuters) - Oil Search Ltd (OSH) :

    • COMPLETION OF RETAIL COMPONENT OF UNDERWRITTEN 1 FOR 8 ACCELERATED PRO-RATA NON-RENOUNCEABLE ENTITLEMENT OFFER
    • NEW OIL SEARCH SHARES WILL BE ISSUED UNDER RETAIL ENTITLEMENT OFFER ON 4 MAY
    • UNDER RETAIL ENTITLEMENT OFFER, RAISED ABOUT A$80 MILLION
    • NEW OIL SEARCH SHARES EXPECTED TO COMMENCE TRADING ON ASX ON NORMAL SETTLEMENT BASIS ON 5 MAY
    • RETAIL ENTITLEMENT OFFER RECEIVED VALID APPLICATIONS OF ABOUT A$39.4 MILLION, A TAKE UP RATE BY ELIGIBLE SHAREHOLDERS OF ABOUT 49%
    • SHORTFALL OF ABOUT A$0.5 MILLION UNDER RETAIL ENTITLEMENT OFFER TO BE ALLOTTED TO SUB-UNDERWRITERS OF RETAIL ENTITLEMENT OFFER
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