Kosmos Energy said the funds affiliated with The Blackstone Group and Warburg Pincus are selling a total of 40 million Kosmos’ shares through a public offering.
However, Kosmos noted in its statement that the company will not receive any of the proceeds from the sale.
Upon completion of the Offering, one of the directors nominated by the Blackstone Group is expected to resign from the Kosmos board of directors. pursuant to the
Pursuant to the shareholders agreement that Kosmos previously entered with the Blackstone Group and Warburg Pincus, the Blackstone Group will only have the right to nominate one designee to the Kosmos board of directors.