Star Energy Group (AIM:STAR) shares fell 5.38% to 15.375p after the company launched a retail offer of up to 4m shares at a 15p issue price as part of a wider roughly £9m fundraising.
The company, a British energy group focused on oil and gas extraction, said the Retail Offer is being made through the BookBuild Platform to eligible existing UK shareholders and is open via participating brokers from 7:01am on 1 May until 6 May, noting intermediaries may set earlier cut‑offs.
The Retail Offer sits alongside a Placing to raise approximately £8.4m and a Subscription by all Directors at the same Issue Price, with the circular describing the Subscription as raising £‑31,000.
"The company highly values its retail shareholder base, which has supported the company for many years," Star Energy said.
