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GasLog Ltd., 8.75% Series A Cumulative Redeemable Perpetual Preference Shares
Ticker Symbol: GLOG-A CUSIP: G37585117 Exchange: NYSE
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QUANTUMONLINE.COM SECURITY DESCRIPTION: GasLog Ltd., 8.75% Series A Cumulative Redeemable Perpetual Preference Shares, liquidation preference $25 per share, redeemable at the issuer's option on or after 4/7/2020 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 8.75% per annum ($2.1875 per annum or $0.546875 per quarter) will be paid quarterly on 1/1, 4/1, 7/1 & 10/1 to holders of record on the record date that will be the business day immediately prior to the payment date (NOTE: the ex-dividend date is at least one business day prior to the record date). Dividends paid by these preference shares are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) but, since they are issued by a foreign company, are NOT eligible for the dividends received deduction for corporate holders (see page S-22 of the prospectus for further information). This security was not rated by Moody’s or S&P at the time of its IPO. In regard to the payment of dividends and upon liquidation, the preference shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (GLOG*)
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Notes: November 28, 2023 -- GasLog Ltd. (“GasLog” or “Company”) (NYSE: GLOG.PRA) today announced that the Company will redeem 4,341,681 shares of its outstanding 8.75% Series A Cumulative Redeemable Perpetual Preference Shares (the “Series A Preference Shares”, and the redemption thereof, the “Partial Redemption”) held by shareholders of record as of November 27, 2023, pursuant to that certain Certificate of Designations, dated as of March 30, 2015 (the “Certificate of Designations”). The Company expects the redemption date for the Series A Preference Shares being redeemed in connection with the Partial Redemption to occur on December 28, 2023 (the “Redemption Date”). The redemption price of the Series A Preference Shares will be $25.00 per share plus accrued and unpaid dividends in respect of the Series A Preference Shares up to, but not including, the Redemption Date (the “Redemption Price”). June 09, 2021 -- GasLog Ltd. (“GasLog” or the “Company”) (NYSE: GLOG) today announced that it has completed the previously announced transaction with BlackRock’s Global Energy & Power Infrastructure team. The closing of the transaction earlier today follows a special general meeting of GasLog’s shareholders held virtually on June 4, 2021, where the transaction and the related agreements received the requisite approval of GasLog shareholders required by the Agreement and Plan of Merger, dated as of February 21, 2021 (subsequently amended on April 20, 2021, the “Merger Agreement”), by and among the Company, GEPIF III Crown Bidco L.P., a Cayman Islands exempted limited partnership (“Parent”), and GEPIF III Crown MergerCo Limited, a Bermuda exempted company and a wholly owned subsidiary of Parent (“Merger Sub”). Pursuant to the terms of the Merger Agreement and the Statutory Merger Agreement, dated as of June 9, 2021, by and between the Company and Merger Sub, Merger Sub merged with and into the Company (the “Merger”), with the Company continuing as the surviving company in the Merger.
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IPO - 3/30/2015 - 4.00 Million Shares @ $25.00 /share.
Link to IPO Prospectus
Previous Ticker Symbol: GKLGF Changed: 4/08/2015
Market Value $ Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Foreign Address and Phone Numbers |
| Address: Gildo Pastor Center, 7 Rue du Gabian, MC 98000, Monaco |
| Main Phone Number |
+377 97975115 |
| Fax Number |
+377 97975124 |
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Inv Rel Phone Number
Jamie Buckland
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+44-203-388-3116 |
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