REG - Kosmos Energy Ltd - Result of Equity Issue

Kosmos EnergyAnnouncement

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RNS Number : 1632W  Kosmos Energy Limited  11 March 2026

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.

 

KOSMOS ENERGY ANNOUNCES PRICING OF PUBLIC OFFERING OF COMMON STOCK

 

DALLAS, Texas, MARCH 10, 2026- Kosmos Energy Ltd. ("Kosmos" or the "Company")
(NYSE/LSE:KOS) announced today the pricing of its registered underwritten
public offering of 97,500,000 shares of common stock (the "Offering") at a
price to the public of $1.90, resulting in gross proceeds to Kosmos of
$185,250,000. In addition, Kosmos has granted the underwriters a 30-day option
to purchase up to an additional 14,625,000 shares of common stock at the
public offering price less underwriting discounts. The Offering is expected to
close on March 12, 2026, subject to customary closing conditions.

 

Kosmos intends to use the net proceeds from this offering to repay outstanding
borrowings under its commercial debt facility and repayment of additional
outstanding debt.

 

Barclays and Stifel are acting as joint book-running managers in the Offering.

 

The Offering is being made pursuant to an effective shelf registration
statement, including a prospectus, filed by Kosmos with the U.S. Securities
and Exchange Commission ("SEC") on June 20, 2024. The Offering may only be
made by means of a prospectus supplement and an accompanying prospectus. The
preliminary prospectus supplement and accompanying prospectus relating to the
Offering has been filed, and the final prospectus supplement and accompanying
base prospectus relating to the Offering will be filed, with the SEC. You may
access these documents for free by visiting EDGAR on the SEC website at
www.sec.gov. Alternatively, we, the underwriters or any dealer participating
in the offering will arrange to send you the preliminary prospectus supplement
and the accompanying prospectus upon request to: Barclays Capital Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717,
by telephone at 1-888-603-5847 or by e-mail at
barclaysprospectus@broadridge.com and Stifel, Nicolaus & Company,
Incorporated, Attention: Syndicate Department, 1201 Wills St., Suite 600,
Baltimore, MD 21231, by telephone at (855) 300-7136 or by email at
SyndProspectus@Stifel.com.

 

This press release does not constitute an offer to sell or a solicitation of
an offer to buy shares of common stock and shall not constitute an offer,
solicitation or sale in any jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to the registration and qualification under
the securities laws of such state or jurisdiction.

 

The person responsible for arranging for the release of this announcement on
behalf of Kosmos is Jamie Buckland.

 

About Kosmos Energy

 

Kosmos Energy is a leading deepwater exploration and production company
focused on meeting the world's growing demand for energy. We have diversified
oil and gas production from assets offshore Ghana, Equatorial Guinea,
Mauritania, Senegal and the Gulf of America. Additionally, in the proven
basins where we operate, we are advancing high-quality development
opportunities, which have come from our exploration success. Kosmos is listed
on the NYSE and LSE and is traded under the ticker symbol KOS. As an ethical
and transparent company, Kosmos is committed to doing things the right way.
The Company's Business Principles articulate our commitment to transparency,
ethics, human rights, safety and the environment. Read more about this
commitment in the Kosmos Sustainability Report.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of historical
facts, included in this press release that address activities, events or
developments that Kosmos expects, believes or anticipates will or may occur in
the future are forward-looking statements. Kosmos' estimates and
forward-looking statements are mainly based on its current expectations and
estimates of future events and trends, which affect or may affect its
businesses and operations. Although Kosmos believes that these estimates and
forward-looking statements are based upon reasonable assumptions, they are
subject to several risks and uncertainties and are made in light of
information currently available to Kosmos. When used in this press release,
the words "anticipate," "believe," "intend," "expect," "plan," "will" or other
similar words are intended to identify forward-looking statements. Such
statements are subject to a number of assumptions, risks and uncertainties,
many of which are beyond the control of Kosmos, which may cause actual results
to differ materially from those implied or expressed by the forward-looking
statements. Further information on such assumptions, risks and uncertainties
is available in Kosmos' Securities and Exchange Commission ("SEC") filings.
Kosmos undertakes no obligation and does not intend to update or correct these
forward-looking statements to reflect events or circumstances occurring after
the date of this press release, except as required by applicable law. You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All forward-looking
statements are qualified in their entirety by this cautionary statement.

 

 

CONTACTS:

Investor Relations
                            Media Relations

Jamie Buckland
                   Thomas Golembeski

+44 (0) 203 954 2831
 
 +1-214-445-9674

jbuckland@kosmosenergy.com
golembeski@kosmosenergy.com

 

 

 

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