-
3
pages
-
English
-
Documents
Description
Oxford Catalysts Group plc: 135p Per Share New Share Purchase, Reactor Order and Access Agreement PR Newswire LONDON, November 19, 2012 LONDON, November 19, 2012 /PRNewswire/ -- Highlights Purchase of 933,687 new Group shares at 135p per share by an affiliate of Ventech Engineers 44% premium to the closing mid-market share price on 16 November 2012 Raises £1.3 million for the Group Agreements signed with Ventech: Oxford Catalysts will be Ventech's preferred supplier of FT technology for North America Ventech will have non-exclusive assured access to the Group's FT technology for North America Ventech is required to place an order with the Group for FT reactors for the first commercial facility by 29 March 2013, estimated at $8 million Ventech has several customers expected to decide on proceeding with plants in 2013 Ventech has $200 million available to co-invest in customer projects, including GTL Oxford Catalysts Group (OCG.L), the modular Gas-to-Liquids technology innovator, is pleased to announce that Ventech Project Investments LP ("VPI"), an affiliate of Ventech Engineers LLC ("Ventech"), has subscribed for 933,687 new ordinary shares of 1 pence each ("Ordinary Shares") at a price of 135p per share (the "Subscription"). The Subscription has raised £1.3 million for the Group. Ventech, headquartered near Houston, Texas, is a global leader in the design and construction of modular refineries, and an early pioneer of modular Gas-to-Liquids (GTL) plants.
-
Publié par
-
Langue
English