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Tue 18 May 2010 00:41

Aegean announces offering of common stock


Shareholder offers 4 million shares of common stock in an underwritten public offering.

International marine fuel and lubricants supplier Aegean Marine Petroleum Network Inc. has annoucned that its shareholder, Leveret International Inc. is offering 4,000,000 shares of the common stock of the company in an underwritten public offering.

The offering is being made under an effective shelf registration statement on file with the Securities and Exchange Commission. Jefferies & Company, Inc. is serving as sole book-running manager for the offering.

Concurrently with the offering, Leveret is selling 400,000 shares of common stock of the company to the company's Chairman of the Board, Peter C. Georgiopoulos, in a private transaction.

Aegean said the company will not receive any proceeds from the offering or sale by Leveret.

In addition, the company is buying 1,000,000 shares of its common stock from Leveret.

On May 14, 2010, the closing price of the company's common shares on the New York Stock Exchange was $27.27 per share.

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