Institutions pay premium for new Ophir shares

African energy firm Ophir Energy got away a share placing at a premium to its prevailing share price as it raised funds to part-finance an expanded drilling programme in 2013/14.

African energy firm Ophir Energy got away a share placing at a premium to its prevailing share price as it raised funds to part-finance an expanded drilling programme in 2013/14.

The £1.86bn-valued company placed 30.5m shares at 495p each, raising £151m. At the close of business on the day before the placing was announced Ophir's shares were trading at 488.1p, which is below the price at which the shares were placed.

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