Salamander fires up rights issue

26 Apr 2012

Salamander Energy, a South East Asian oil exploration and production firm, launched a well-received £131m rights issue on Friday. Goldman Sachs, Oriel Securities and RBC Capital Markets are underwriting the deal.

Salamander is offering 13 new shares for every 20 held, a 37% discount to the theoretical ex-rights price based on Thursday’s close of 256.1p.

Investors were supportive in a wall-crossing exercise before launch, a process that encompassed sub-underwriting, and that was further shown on Friday when the stock briefly ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.