Posted by OilVoice Press - OilVoice
5 April 2018 - DNO ASA, the Norwegian oil and gas operator, today announced that it has acquired 8,487,838 shares in Faroe Petroleum plc at a price of GBP 1.25 per share representing 2.32 percent of the outstanding shares in Faroe Petroleum.
This follows the separate completion on 4 April 2018 of a reverse book building process through which DNO acquired 10 percent of the shares in Faroe Petroleum at a price of GBP 1.25 per share and the acquisition of 15.37 percent of the share capital of Faroe Petroleum from Delek Group Ltd. at a price of GBP 1.25 per share.
Following the three transactions, DNO will own 101,503,663 shares representing 27.68 percent of the outstanding shares in Faroe Petroleum.
Visit source siteDNOFaroe PetroleumSharesNorway