Cains advises Lamprell plc in connection with its £71 million rights issue

Cains acted as Isle of Man legal advisers to Lamprell plc, a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable industry, in connection with its fully underwritten 5 for 16 Rights Issue of 81,363,469 New Ordinary Shares at 88 pence per New Ordinary Share. J.P. Morgan Securities plc acted as global co-ordinator, sponsor and underwriter, HSBC Bank plc acted as joint bookrunner and underwriter and N.M. Rothschild & Sons Limited acted as financial adviser.

The Cains’ team was lead by Tristan Head.