GasLog Closes Share Sale

GasLog, an international owner, operator and manager of LNG tankers, said it has closed its offering of 4,887,500 common shares, including 637,500 common shares issued upon the exercise in full by the underwriters of their option to purchase additional shares.

The public offering price was $23.75 per share. The net proceeds from the offering, after deducting underwriting discounts and other offering expenses, were approximately $110 million.

Citigroup Global Markets Inc. and RS Platou Markets AS acted as joint book-running managers of the offering.

Press Release, April 17, 2014; Image: GasLog