Golar LNG in ~27.83M-share secondary offering

|About: Golar LNG Limited (GLNG)|By:, SA News Editor

Golar LNG (NASDAQ:GLNG) -8.8% AH after launching a secondary offering of ~27.83M common shares by its principal shareholder, World Shipholding Ltd., with an underwriters option to purchase up to an additional ~4.17M shares.

World Shipbuilding owned nearly 33.8M GLNG shares prior the offering, equal to ~36.5% of shares outstanding.

GLNG will receive no proceeds from the sale.