MONACO, March 16, 2012 /PRNewswire/ --
GasLog Ltd. ("GasLog") announced today that it has commenced an initial public offering of 23,500,000 common shares. All of the common shares are being offered by GasLog. The estimated price range for the initial public offering is $16.00 to $18.00 per share. The underwriters will be granted an option to purchase up to 3,525,000 additional common shares from GasLog at the initial public offering price, less the underwriting discount.
GasLog has been approved for listing on the New York Stock Exchange, subject to official notice of issuance, under the symbol "GLOG."
Goldman, Sachs & Co., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and UBS Securities LLC are acting as bookrunners for the offering. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus may be obtained by contacting Goldman, Sachs & Co. at 200 West Street, New York, New York 10282, by telephone at (866) 471-2526 or by email at [email protected], Citigroup Global Markets Inc. at Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, by telephone at (800) 831-9146 or by email at [email protected], J.P. Morgan Securities LLC at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone at (866) 803-9204, or UBS Securities LLC at 299 Park Avenue, New York, New York 10171 or by telephone at (888) 827-7275.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which the offer, solicitation or sale of securities would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.
GasLog is an international owner, operator and manager of LNG carriers. GasLog's owned fleet consists of 10 wholly-owned LNG carriers, including two ships delivered in 2010 and eight LNG carriers on order. Including its owned ships, GasLog currently has 14 LNG carriers operating under its technical management.
This press release contains "forward-looking statements." In some cases, you can identify these statements by forward-looking words such as "believe", "intend", "anticipate", "estimate", "project", "forecast", "plan", "potential", "may", "should", "could" and "expect" and similar expressions. These statements are not historical facts but instead represent only GasLog's belief regarding future results, many of which, by their nature, are inherently uncertain and outside of GasLog's control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in our Registration Statement on Form F-1 (File No. 333-179034) under the caption "Risk Factors."
SOURCE GasLog Ltd