Oil Search (ASX:OSH) close books on equity raise

Company News

by Rachael Jones

Oil Search (ASX:OSH) is pleased to announce the successful completion os the institutional component of its entitlement offer and placement raising $1 billion.

The combined proceeds of the equity raise is expected to be up to approximately $1.16 billion.

The deal was priced at $2.10 a share, which represented an 18 per cent discount to the theoretical ex-rights price.

Trading in Oil Search shares is expected to resume on the ASX.

Shares in Oil Search (ASX:OSH) are trading 3.76 per cent lower at $2.56
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.