Sterling Energy Plc (SEY.L) stated its intention to undertake an open offer to raise around £20.6 million at the September placing price of 1.3 pence per ordinary share, which will give shareholders the opportunity to subscribe for 2 new ordinary shares for every 9 existing ordinary shares held at the record date of 8 September 2009.
The company plans to launch the open offer following the sale of its USA assets, announced on 20 October 2009. The sale is expected to complete in early December, and the company expects to close the open offer prior to the year end.
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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.