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| Home : Pattern Energy Group Inc. Announces Exercise in Full of the US$52.8 Million Overallotment Option to its Initial Public Offering |
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Oct 05
2013 |
Pattern Energy Group Inc. Announces Exercise in Full of the US$52.8 Million Overallotment Option to its Initial Public Offering |
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SAN FRANCISCO, CALIFORNIA--(Marketwired - Oct. 4, 2013) - Pattern Energy Group Inc. (NASDAQ:PEGI)(TSX:PEG) (the "Company") announced today the underwriters have exercised in full their overallotment option to purchase 2,400,000 shares of Class A common stock of the Company ("Class A Shares") from Pattern Energy Group LP ("PEG LP"), the selling stockholder, pursuant to the overallotment option granted by PEG LP in connection with the previously announced initial public offering of Class A Shares of the Company, which closed on October 2, 2013. The additional Class A Shares will be offered to the public at a price of US$22.00 per share. The exercise in full of the over-allotment option will result in gross proceeds of US$52.8 million, none of which will be received by the Company. The closing of the overallotment option is expected to occur on October 8, 2013. |
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| Source:http://www.marketwired.com/mw/release.do?id=1838186&sourceType=3 |
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