GasLog Ltd. (“GasLog”) announced today that its public offering of 23,500,000 common shares was priced at $14.00 per share. The underwriters were granted a 30-day option to purchase up to 3,525,000 additional common shares from GasLog at the initial public offering price, less the underwriting discount.
The shares will begin trading on the New York Stock Exchange on March 30, 2012 under the ticker symbol “GLOG”. The offer is expected to close on April 4, 2012.
Goldman, Sachs & Co., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC are acting as bookrunners for the offering. A copy of the prospectus, when available, may be obtained by contacting Goldman, Sachs & Co. at 200 West Street, New York, New York 10282, by telephone at (866) 471-2526 or by email at
, Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, by telephone at (800) 831-9146 or by email at
, J.P. Morgan Securities LLC at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803-9204, or UBS Securities LLC at 299 Park Avenue, New York, New York 10171 or by telephone at (888) 827-7275.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission on March 29, 2012. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
GasLog is an international owner, operator and manager of LNG carriers. GasLog’s owned fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight LNG carriers on order. Including its owned ships, GasLog currently has 14 LNG carriers operating under its technical management.