i3 Energy PLC (AIM:I3E) Secondary Placing of Shares in i3 Energy plc

Bybrook Capital Master Fund LP, Bybrook Capital Hazelton Master Fund LP and Bybrook Capital Badminton Fund LP (together, the “Sellers”), have sold an aggregate of 60,000,000 ordinary shares (the “Placing Shares”) in i3 Energy plc (“i3” or the “Company”), at a price of 27 pence per share (the “Placing”), raising aggregate gross proceeds of £16.2 million.

Stifel Nicolaus Europe Limited (“Stifel”) and Tennyson Securities, a trading name of Shard Capital Partners LLP (“Tennyson”) acted as joint bookrunners on the Placing (the “Joint Bookrunners”).

The Placing Shares represent approximately 5.3 per cent of the Company’s issued share capital and 20 per cent of the Sellers’ combined holding in i3. Following the Placing the Sellers together hold an aggregate of 234,334,943 ordinary shares in i3, representing approximately 21 per cent. of the Company’s issued share capital.

Each of the Sellers and Cairn Capital Limited (the “Investment Manager”) (acting for and on behalf of the Sellers) have agreed that they will not, for a period of 90 days following the completion of the Placing, offer, sell or otherwise transfer any residual shareholding in the Company without the consent of Stifel and Tennyson (subject to customary exceptions and waiver by the Joint Bookrunners).


Stifel (Joint Bookrunner)

+44 (0)20 7710 7600

Ashton Clanfield

Callum Stewart

Tennyson (Joint Bookrunner)

+44 (0) 207 186 9030

Peter Krens

Linking Shareholders and Executives :Share Talk

If anyone reads this article found it useful, helpful? Then please subscribe www.share-talk.com or follow SHARE TALK on our Twitter page for future updates. Terms of Website Use All information is provided on an as-is basis. Where we allow Bloggers to publish articles on our platform please note these are not our opinions or views and we have no affiliation with the companies mentioned
Share Talk
Malcare WordPress Security