Kosmos Energy Announces Secondary Public Offering of Common Shares
May 22 2017 - 3:40PM
Business Wire
Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today
that funds affiliated with The Blackstone Group L.P. (the
“Blackstone Group”) and funds affiliated with Warburg Pincus LLC
(“Warburg Pincus”) have agreed to sell an aggregate of 40,000,000
of Kosmos’ common shares in a registered underwritten public
offering (the “Offering”). Funds affiliated with the Blackstone
Group have agreed to sell 30,000,000 common shares and funds
affiliated with Warburg Pincus have agreed to sell 10,000,000
common shares. Kosmos will not receive any of the proceeds from the
sale of the common shares. Barclays is acting as the underwriter of
the Offering.
Upon completion of the Offering, one of the directors nominated
by the Blackstone Group is expected to resign from the Kosmos board
of directors, and pursuant to the shareholders agreement that
Kosmos previously entered with the Blackstone Group and Warburg
Pincus, the Blackstone Group will only have the right to nominate
one designee to the Kosmos board of directors.
The Offering is being made pursuant to an effective shelf
registration statement, including a prospectus, filed by Kosmos
with the U.S. Securities and Exchange Commission (the
“SEC”) on June 22, 2015. Before you invest, you should read
the prospectus in that registration statement and other documents
Kosmos has filed with the SEC for more complete
information about Kosmos and the Offering. You may get these
documents for free by visiting the SEC website
at www.sec.gov. Alternatively, copies of the prospectus and a
prospectus supplement, when available, may be obtained
from Barclays Capital Inc., c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (Tel:
1-888-603-5847) or by e-mailing
Barclaysprospectus@broadridge.com.
This press release is for informational purposes only and does
not constitute an offer to sell, or a solicitation of an offer to
buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Kosmos Energy
Kosmos is a leading independent oil and gas exploration and
production company focused on frontier and emerging areas along the
Atlantic Margins. Our assets include existing production and
development projects offshore Ghana, large discoveries and
significant further hydrocarbon exploration potential offshore
Mauritania and Senegal, as well as exploration licenses with
significant hydrocarbon potential offshore Sao Tome and Principe,
Suriname, Morocco and Western Sahara.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that Kosmos expects, believes or
anticipates will or may occur in the future are forward-looking
statements. Kosmos’ estimates and forward-looking statements
are mainly based on its current expectations and estimates of
future events and trends, which affect or may affect its businesses
and operations. Although Kosmos believes that these estimates and
forward-looking statements are based upon reasonable assumptions,
they are subject to several risks and uncertainties and are made in
light of information currently available to Kosmos. When used in
this press release, the words “anticipate,” “believe,” “intend,”
“expect,” “estimate,” “plan,” “will” or other similar words are
intended to identify forward-looking statements. Such statements
are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of Kosmos, which may cause
actual results to differ materially from those implied or expressed
by the forward-looking statements. Further information on such
assumptions, risks and uncertainties is available in Kosmos’ SEC
filings. Kosmos undertakes no obligation and does not intend
to update or correct these forward-looking statements to reflect
events or circumstances occurring after the date of this press
release, except as required by applicable law. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All
forward-looking statements are qualified in their entirety by this
cautionary statement.
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version on businesswire.com: http://www.businesswire.com/news/home/20170522006343/en/
Kosmos Energy Ltd.Investor RelationsNeal Shah,
+1-214-445-9628nshah@kosmosenergy.comorRhys Williams
+1-214-445-9674rwilliams@kosmosenergy.comorMedia RelationsThomas
Golembeski, +1-214-445-9674tgolembeski@kosmosenergy.com
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