GasLog Ltd. ("GasLog" or the "Company") (NYSE:GLOG) announced today that it plans to offer 4,250,000 of its common shares to the public (the "Public Offering"). The Company intends to grant the underwriters of the Public Offering a 30-day option to purchase up to 637,500 additional common shares. 4/11 - GasLog Ltd. (the "Company") (NYSE:GLOG) announced today that its public offering of 4,250,000 common shares (the "Public Offering") was priced at $23.75 per share. The net proceeds from the Public Offering, after deducting underwriting discounts and other offering expenses, are expected to be approximately $95 million. The Company has also granted the underwriters a 30-day option to purchase up to an additional 637,500 shares of its common shares.
GasLog is an international owner, operator and manager of liquefied natural gas (“LNG”) carriers providing maritime services for the transportation of LNG on a worldwide basis and LNG vessel management services. As of Dec. 31, 2013, Co. manages and operates 20 LNG carriers, which includes Co.'s 11 owned ships, as well as 8 ships owned or leased by BG Group, a participant in the global energy and natural gas markets, and one additional LNG carrier in which Co. has a 25% interest.
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