Ocean Rig to Float Common Stock
By Aiswarya Lakshmi
June 3, 2015
Ocean Rig UDW Inc has launched an offering of its common stock, par value $0.01 per share.
As part of this offering, George Economou, our Chairman, President and Chief Executive Officer, has indicated his intention to purchase, at the public offering price, a number of common shares that maintains his direct ownership in Ocean Rig, representing approximately five percent of its common stock.
The NASDAQ-traded currently has 132.32m shares of common stock outstanding, which are currently trading at $8.09 per share. Economou will buy his shares at the public offering price in order to maintain his direct ownership in Ocean Rig.
Clarksons Platou Securities, Inc., Pareto Securities Inc. and Seaport Global Securities LLC are acting as joint lead managers, joint bookrunners and placement agents in the offering. Clarksons Platou Securities AS and Pareto Securities AS are acting as placement agents.
