Lekoil Limited Friday announced the placing of 80 million new ordinary shares to raise gross proceeds of 32 million pounds. The shares are priced at 40 pence per share.
Estimated net proceeds of the placing receivable by the company is 26.8 million pounds and the symbol on the AIM will be LEK. Market capitalization of the company at the placing price on admission will be 73.0 million pounds. Lekoil Limited is a holding company that plans to use its access to potential oil and gas licence interests to build a multi-asset exploration, development and production business in Africa. The company's principal subsidiary is Lekoil Nigeria and another subsidiary Lekoil Namibia has interests in Namibia.
The company's shareholding in Lekoil Nigeria is limited to 40 percent and is entitled to 90 percent of the income from and capital distributed by it.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.