Po Valley Energy (ASX:PVE) has raised funds
June 2021 — Po Valley Energy Limited (ASX:PVE) has completed a placement and underwritten accelerated non-renouncement entitlement offer.
Po Valley Energy Limited (ASX:PVE) is an Italian oil and gas exploration and development company. It has two projects in development stage: Selva Malvezzi and Teodorico. The company is currently focused on their Selva Malvezzi project, of which they own 63%.
Our role in the transaction
Oaklins’ team in Australia acted as lead manager and underwriter. Approximately US$7.6 million has been raised through the institutional component of this transaction which was strongly supported by domestic institutions and high-net-worth clients, both new and existing.
Talk to the deal team
Related deals
7BidCo has completed the sell-out procedure for the shares of STAR7
7BidCo S.p.A. has completed the sell-out procedure for 8.5% of STAR7 S.p.A.’s shares.
Learn moreAlba has completed a voluntary public tender offer for the shares of Borgosesia
Alba S.r.l. has completed a voluntary public tender offer for 100% of the shares of Borgosesia S.p.A.
Learn moreMoneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn more