Suzlon Energy Ltd has informed that the Hansen Transmissions International NV, Belgium (Hansen), the subsidiary of the Company, on December 11, 2007 began unconditional trading on the London Stock Exchange.
Further, Hansen also exercised the over-allotment option in respect of 16,527,315 Shares (the Over-allotment Shares) raising additional gross proceeds for the Company of approximately £29 million. Including the Over-allotment Shares, a total of 181,800,458 Shares have now been placed with institutional investors, raising total gross proceeds for Hansen of approximately £318 million. Immediately following the issue of the Over-allotment Shares, approximately 27.1% of the Hansens total issued ordinary share capital will be held by the Public. The settlement of the Over-allotment Shares is expected to take place on December 13, 2007. Hansens shares finished the day at 249 pence, up 42.3% from the final share price for the IPO of 175 pence per share. The shares also saw encouraging trading volumes on the first day of unconditional trading with 3,901,682 shares being traded.
Further, Hansen also exercised the over-allotment option in respect of 16,527,315 Shares (the Over-allotment Shares) raising additional gross proceeds for the Company of approximately £29 million. Including the Over-allotment Shares, a total of 181,800,458 Shares have now been placed with institutional investors, raising total gross proceeds for Hansen of approximately £318 million. Immediately following the issue of the Over-allotment Shares, approximately 27.1% of the Hansens total issued ordinary share capital will be held by the Public. The settlement of the Over-allotment Shares is expected to take place on December 13, 2007. Hansens shares finished the day at 249 pence, up 42.3% from the final share price for the IPO of 175 pence per share. The shares also saw encouraging trading volumes on the first day of unconditional trading with 3,901,682 shares being traded.
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