Top Ships sinks on discounted share offer

TOP Ships

08/06/2020 14:41

** Tanker operator's  TOPS.O  shares plunge ~27% to 16 cents
 
    ** Company to offer an aggregate of 166.7 mln shares at 12
cents each to certain institutional investors to raise $20
million  urn:newsml:reuters.com:*:nGNX6jwZVL
    ** Offer is at a discount of 45.5% to stock's last close
    ** Shares down ~72% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
2776; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))