Friday May 9, 08:43 AM
NWR says exercises over-allotment option to sell additional 12.45 mln shares
PRAGUE (Thomson Financial) - Coal miner New World Resources said the managers of its initial public offering (IPO) have fully exercised an over-allotment option to sell an additional 12,452,001 million shares at 13.25 pounds each.
The greenshoe option makes the total size of the offering more than 95.465 million shares, NWR said in a statement.
The coal miner, which debuted on the Prague and London stock exchanges last week, said that its shares have been admitted to the London Stock Exchange (LSE: LSE.L - news) for unconditional trading as of today and an admission to the Prague Stock Exchange is also expected today.
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