ST. LOUIS, May 11, 2016 /PRNewswire/ -- Spire Inc. (NYSE:
SR) announced today that it has commenced an underwritten public
offering of 1,850,000 shares of its common stock pursuant to an
effective registration statement previously filed with the
Securities and Exchange Commission. Spire has also granted the
underwriter a 30-day option to purchase up to 277,500 additional
shares of common stock.
Spire intends to use the proceeds from the offering to fund a
portion of the consideration for the pending acquisition of Mobile
Gas and Willmut Gas.
Morgan Stanley is acting as sole bookrunner for the offering.
Copies of the preliminary prospectus supplement and accompanying
prospectus for the offering may be obtained from Morgan Stanley
& Co. LLC, Attention: Prospectus Department, 180 Varick Street,
2nd Floor, New York,
NY 10014.
This news release shall not constitute an offer to sell or the
solicitation of any offer to buy any securities, nor shall there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or other jurisdiction.
About Spire
At Spire Inc. (NYSE: SR) we believe energy exists to help make
people's lives better. It's a simple idea, but one that's at the
heart of our company. Every day we serve 1.56 million customers
making us the fifth largest publicly traded natural gas company in
the country. We help families and business owners fuel their daily
lives through our regulated utilities - Laclede Gas, Missouri Gas
Energy and Alagasco. Our non-regulated businesses Laclede Energy
Resources and Spire Natural Gas Fueling Solutions provide energy
solutions to other natural gas users. We are committed to
transforming our business and pursuing growth by 1) growing our gas
utility business through prudent infrastructure upgrades and
organic growth initiatives; 2) acquiring and integrating gas
utilities; 3) modernizing our gas supply assets; and 4) investing
in innovation.
Forward-Looking and Cautionary Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. The Company's future operating results may be affected by
various uncertainties and risk factors, many of which are beyond
the Company's control, including weather conditions, economic
factors, the competitive environment, governmental and regulatory
policy and action, and risks associated with recent and pending
acquisitions. For a more complete description of these
uncertainties and risk factors, see the preliminary prospectus
supplement and accompanying prospectus for the offering, including
the Company's Annual Report on Form 10-K for the fiscal year ended
September 30, 2015 and the Company's
Quarterly Report on Form 10-Q for the quarter ended March 31, 2016 incorporated by reference therein,
each as filed with the Securities and Exchange Commission.
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SOURCE Spire Inc.