GasLog in 8.4M-share public offering, shares -7.3%

GasLog (GLOG) -7.3% AH on plans for a public offering of 8.4M common shares and a private placement of ~$30M worth of common shares to certain of its directors and officers and one of its major shareholders.

GLOG plans to use the net proceeds of the public offering and private placement to fund part of the $468M purchase of three LNG carriers from an affiliate of BG Group.

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