Infant Bacterial Therapeutics AB (publ) (IBT) carries out a rights offering of SEK 100 million. Vinge advises IBT.
The Vinge team primarily consists of Erik Sjöman and Dain Hård Nevonen (partners, capital markets & public M&A) and associates Ludvig Frithiof, Joel Wahlberg and Astrid Karlsson, and Tora Hansjons (tax)
Ashurst has advised Alkane Resources Ltd (Alkane) on its 1 for 5 traditional non-renounceable pro rata entitlement offer to raise A$16 million (Entitlement Offer) as part of the funding arrangements to progress the development of the Dubbo Zirconia Project (DZP). DZP is a A$1 billion world class deposit of zirconium, hafnium, niobium and rare earths in Dubbo, New South Wales.
The Entitlement Offer closely follows Alkane's announcement that it has obtained the required regulatory approvals to proceeds with the DZP.
Freshfields Bruckhaus Deringer has acted as international legal counsel for UBS AG, Credit Suisse AG, and the underwriting syndicate on the Swiss IPO of VAT Group AG
Freshfields Bruckhaus Deringer has acted as international legal counsel for UBS AG, Credit Suisse AG, and the underwriting syndicate on the Swiss IPO of VAT Group AG – the global market leader for high-end vacuum valves used in the semiconductor industry and elsewhere. At CHF 621 million, the IPO is the largest in Europe so far this year.
April, 2016. Certain shareholders of Molecular Partners AG (SIX: MOLN) (Molecular Partners), including employees, consultants, members of the board of directors of Molecular Partners and certain venture capital shareholders successfully completed a private placement of 1,100,000 shares via an accelerated book building transaction for an aggregate sales price of approximately CHF 30 million.
SSAB has today announced a SEK 5 billion rights issue. Solidium, a limited company wholly owned by the State of Finland, has a 17.1 % holding of all shares in SSAB and is thereby the company’s largest shareholder. Solidium and AB Industrivärden, SSAB’s other major shareholder, have both committed to subscribe for new shares pro rata their current holdings in SSAB.
Hannes Snellman acted as counsel to Solidium in connection with the rights issue with a team consisting of Sören Lindström, Björn Kristiansson and Anna Partovi.
Stephenson Harwood LLP has advised Premier Energy and Water Trust PLC (the "Company") on the establishment of a placing programme of ordinary shares. The placing programme will allow the issue of up to 20 million ordinary shares, which will enable the Company to raise up to approximately £26 million (based on today's prices) to invest in accordance with its investment policy.
Simmons & Simmons has advised Samsung Asset Management (Hong Kong) Limited (‘Samsung’) on the listing of the first crude oil exchange traded fund (‘ETF’) ever in Hong Kong. The S&P GSCI Crude Oil ER Futures ETF will commence trading on The Stock Exchange of Hong Kong Limited on 29 April 2016.
Travers Smith LLP has advised Luxembourg-based H&F Wings Lux 1 S.à r.l ("H&F") on the disposal of the remainder of its stake in Hostelworld Group plc, the world's leading hostel-focused online booking platform.
H&F sold its ordinary shares, alongside sales of ordinary shares by other shareholders, via an accelerated bookbuild managed by Numis. The placing shares were placed at a price of 260 pence per share, raising aggregate gross proceeds of approximately £61m.
Slaughter and May advised Ensco PLC on a placing of ordinary shares to raise approximately $606 million. The placing, which closed on 20 April 2016, was underwritten by Morgan Stanley and Goldman Sachs and included a 15% over-allotment option that was exercised by the underwriting banks. Ensco is a global provider of offshore drilling services to the petroleum industry. It is incorporated in the UK and listed on the New York Stock Exchange.
Slaughter and May worked with Baker Botts who advised Ensco on US law aspects. Davis Polk advised the underwriting banks.
Contacts
Davis Polk advised the joint book-running managers in connection with an SEC-registered offering of 65,550,000 Class A ordinary shares of Ensco plc. Included in the shares are 8,550,000 shares sold by Ensco plc pursuant to the underwriters’ exercise in full of their option to purchase additional shares. The gross proceeds from the offering were approximately $606.3 million. The Class A ordinary shares are listed on the New York Stock Exchange under the symbol “ESV.”