Thursday, September 21 2023 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Today's News
Yesterday's News
Week of Sep 18
Week of Sep 11
Week of Sep 04
Week of Aug 28
Week of Aug 21
By Topic
By News Partner
Gas News
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Power News > News Article

    Share by Email E-mail Printer Friendly Print

    Block sale of existing shares in Eneti Inc. (NYSE: NETI) completed


    March 24, 2023 - Cision

     

      Japan Offshore Wind Power LLC, which is ultimately controlled by Marubeni Corporation (the "Seller"), has retained Pareto Securities AS (the "Manager") to execute a block sale of existing shares in Eneti Inc. (the "Company") through a private placement (the "Offering").

      The Company is a leading provider of installation and maintenance vessels to the offshore wind sector. The Company is listed on the New York Stock Exchange ("NYSE") under the ticker "NETI" with a market capitalization of approximately USD 370 million (based on the closing market price on 23 March 2023).

      The Seller has, as of this announcement, successfully sold 3,257,958 shares in the Company (equal to approximately 8.5% of the Company's outstanding shares) at USD 8.90 per share. Following the Offering, the Seller holds no shares in the Company.

      Scorpio Holdings Limited, the largest shareholder in the Company owning approximately 26.2% of the Company's outstanding shares, has been allocated 1,000,000 shares in the Offering.

      The notification of allocation in the Offering is expected to be communicated on or about 24 March 2023 (trade date) before the opening bell on NYSE. The settlement in the Offering is expected to take place on or about 28 March 2023 (settlement date) on a delivery versus payment basis (DVP T+2).

      https://news.cision.com/pareto-securities-ab/r/block-sale-of-existing-shares-in-eneti-inc---nyse--neti--completed,c3739906

      https://mb.cision.com/Main/15069/3739906/1938784.pdf

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2023 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.