(Vista, 25.Jul.2019) — Vista Oil & Gas, S.A.B. de C.V. announced today the pricing of the underwritten public offering of the Company’s Series A shares as part of the global primary offering of 10,000,000 Series A shares. The global offering consisted of an international offering in the United States and other countries outside of Mexico and a concurrent public offering in Mexico. The Series A shares sold in the global offering may be represented by American Depositary Shares (“ADSs”), each representing one Series A share.
The global offering priced at U.S.$9.25 per Series A share and ADS.
The ADSs are expected to begin trading on the New York Stock Exchange on July 26, 2019, under the ticker symbol “VIST.” The Company’s Series A shares are listed on the Mexican Stock Exchange under the ticker symbol “VISTA.” The global offering is expected to settle on July 30, 2019, subject to customary closing conditions. The Company intends to use the net proceeds from the global offering to fund capital expenditures relating to its development plan.
The Company has granted the underwriters the option to purchase up to 1,500,000 additional Series A shares, which may be represented by ADSs, to cover over-allotments, if any.
The global offering was made pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission (SEC) which became effective today and a prospectus prepared under Mexican law, which was authorized by the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores or CNBV).
Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC are acting as joint bookrunners and joint global coordinators and Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC and Santander Investment Securities Inc. are acting as joint bookrunners in the international offering. Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante del Grupo Financiero Citibanamex, Casa de Bolsa Credit Suisse (Mexico), S.A. de C.V., Grupo Financiero Credit Suisse (Mexico), Morgan Stanley Mexico, Casa de Bolsa, S.A. de C.V. and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander Mexico acted as underwriters for the Mexican public offering.
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