Business
Pricing of accelerated placing in Harbour Energy
Potomac View Investments, L.P. has completed a secondary placing of 60,000,000 ordinary shares in Harbour Energy PLC at 255 pence per share, raising approximately £153 million. This places approximately 3.8% of the company's issued share capital, reducing the seller's holding to around 3.5%. The seller has agreed to a 90-day lock-up period, subject to customary exceptions. Disclaimer*
About this update from Harbour Energy Plc
[{"type":"text","content":"\n\n11 March 2026\nNot for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa or in any other jurisdiction in which the release, publication or distribution would be unlawful or require registration.\nThis announcement does not constitute an offer to sell or the solicitation of an offer to purchase the securities described herein, nor shall there be any sale of the securities referred to herein in or into any jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.\n \nResults of secondary placing of ordinary shares in Harbour Energy PLC (\"Harbour\" or the \"Company\")\nPotomac View Investments, L.P. (the \"Seller\"), an entity managed by EIG Management Company, LLC (\"EIG\"), announces that it has completed the secondary placing of 60,000,000 ordinary shares in Harbour (the \"Placing Shares\") to institutional investors by way of an accelerated bookbuild process (the \"Placing\"). The Placing Shares represent approximately 3.8% of the issued share capital of the Company and were placed at a price of 255 pence per share.\nFollowing settlement of the Placing, the Seller's shareholding in the Company will be approximately 3.5% of the issued share capital of the Company. The Seller has undertaken to the Sole Global Co-ordinator (as defined below) not to sell further shares in the Company for the period of 90 calendar days following the completion of the Placing, which will be subject to certain customary exceptions and may be waived with the consent of the Sole Global Co-ordinator.\nGross proceeds from the Placing amount to approximately £153 million.\nBarclays Bank PLC acted as Sole Global Co-ordinator and Sole Bookrunner on the Placing (the \"Sole Global Co-ordinator\").\n \nEnquires:\nBarclays +44 (0)207623 2323\n\nSole Global Co-ordinator and Sole Bookrunner \nMike Powell\nDomi...