Key Developments: ALS Ltd (ALQ.AX)

ALQ.AX on Australia Stock Exchange

7.98AUD
11:27pm EDT
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$-0.17 (-2.09%)
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$8.15
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Latest Key Developments (Source: Significant Developments)

ALS Ltd declares final dividend
Monday, 26 May 2014 09:34pm EDT 

ALS Ltd:Declares a final partly franked (50 pct) dividend for the year of 20 cents per share (2013: 27 cents partly franked).Record date June 13.  Full Article

ALS Ltd announces ceasing of interest by Bennelong Funds Management Group Pty Ltd
Friday, 7 Feb 2014 12:08am EST 

ALS Ltd:Says Bennelong Funds Management Group Pty Ltd ceases to be a share holder in the capital of the company.  Full Article

ALS Ltd announces holding interest of BlackRock Group
Wednesday, 5 Feb 2014 05:00pm EST 

ALS Ltd:Says BlackRock Group (BlackRock Inc and subsidiaries) holds 19,739,774 ordinary shares in the company.Says the shares represents 5pct issued share capital of the company.  Full Article

ALS Ltd declares interim dividend
Sunday, 24 Nov 2013 07:20pm EST 

ALS Ltd:Says directors have declared a partly franked (50 pct) interim dividend of A$0.19 per share payable on all ordinary shares (2012: 21 cents, partly franked to 50%).Says dividend will be payable on Dec 20 on all shares registered in the company‚Äôs register at the close of business on Dec 5.  Full Article

ALS Ltd Completes Acquisition Of Reservoir Group
Thursday, 8 Aug 2013 07:34pm EDT 

ALS Ltd announced that the acquisition of global oil and gas technical services company, Reservoir Group, was successfully completed on the August 8, 2013.  Full Article

ALS Ltd Announces Completion Of Institutional Component Of 1 For 11 Fully Underwritten Pro-rata Accelerated Renounceable Entitlement Offer
Thursday, 18 Jul 2013 07:33pm EDT 

ALS Ltd announced the completion of the institutional component (Institutional Entitlement Offer) of its 1 for 11 fully underwritten pro-rata accelerated renounceable entitlement offer (with retail entitlements trading) (Entitlement Offer) of new ALS ordinary shares (New Shares) at an offer price of AUD7.80 per New Share (Offer Price). Under the Institutional Entitlement Offer, ALS raised approximately AUD112 million through the issue of approximately 14 million shares. As announced by ALS on July 16, 2013, the net proceeds of the Entitlement Offer will be used to fund the acquisition of the Reservoir Group and Earth Data Pty Ltd. New Shares in respect of Entitlements not taken up by eligible institutional investors and New Shares that would have represented Entitlements of ineligible institutional shareholders were sold through the institutional shortfall bookbuild, which was conducted from July 17, 2013 to July 18, 2013. New Shares taken up under the Institutional Entitlement Offer and institutional shortfall bookbuild are expected to be issued on July 29, 2013 and commence trading on ASX on the same day. J.P. Morgan Australia Limited is acting as Sole Bookrunner and Underwriter to the Entitlement Offer and Sole Financial Advisor to the acquisition of Reservoir Group. RBS Morgans Corporate Limited is acting as Co-Manager to the Entitlement Offer.  Full Article

ALS Ltd To Raise Approximately $246 Million
Wednesday, 17 Jul 2013 10:00pm EDT 

ALS Ltd that the Company has announced a one for 11 pro-rata accelerated renounceable entitlement offer (with retail entitlements trading) (the Entitlement Offer), at an offer price of $7.80 per new ordinary share to raise approximately $246 million. The Entitlement Offer has two components; An institutional entitlement offer, where offers have been made to eligible institutional security holders for them to apply for their pro-rata entitlement (the Institutional Entitlement Offer). A retail entitlement offer, where an offer will be made to eligible retail security holders for them to apply for their pro-rata entitlement (the Retail Entitlement Offer). The Entitlement Offer is fully underwritten.  Full Article

ALS Ltd Announces USD533 Million Acquisition Of Reservoir Group And AUD246 Million Fully Underwritten Pro-rata Accelerated Renounceable Entitlement Offer
Monday, 15 Jul 2013 07:00pm EDT 

ALS Ltd announced that it has agreed to acquire Reservoir Group (Reservoir) from SCF Partners, Reservoir management and other shareholders for a total consideration of approximately USD533 million (AUD579 million). Reservoir is a global provider of specialist oil and gas services and equipment with a portfolio of brands, operational experience in over 60 countries and long-term relationships with national and international oil companies, independent oil companies and global service providers to the oil and gas industry. Separately, ALS has also agreed to acquire Earth Data Pty Ltd (Earth Data) for AUD18 million. Earth Data is an Australian-based provider of niche sampling and analysis services to Australia's oil, gas and coal industries. The acquisitions will be funded through a combination of equity, debt and cash reserves, comprising an underwritten 1 for 11 pro-rata accelerated renounceable entitlement offer (with retail entitlements trading), at a price of $7.80 per share, to raise approximately AUD246 million, approximately AUD51 million in ALS shares issued to Reservoir senior management, approximately AUD299 million drawn from a new USD275 million debt facility and approximately AUD8 million from ALS' cash reserves.  Full Article

ALS Ltd Declares Final Dividend
Sunday, 26 May 2013 09:07pm EDT 

ALS Ltd announced that it declares a final partly franked (50%) dividend for the year of 27 cents per share on a post-share split basis (2012: 26 cents partly franked on a post-share split basis) bringing the total partly franked (50%) dividend for the year to 48 cents per share (2012: 45 cents partly franked). The date the final dividend (distribution) is payable is July 02, 2013 and record date to determine entitlements to the dividend is June 14, 2013.  Full Article

Severn Trent Plc Sells Severn Trent Analytical Services to ALS Ltd
Friday, 8 Feb 2013 02:00am EST 

Severn Trent Plc announced that it has sold Severn Trent Services' Analytical Services (also known as Severn Trent Laboratories) to ALS Ltd. Severn Trent Analytical Services provides potable, wastewater and contaminated land testing services to United Kingdom commercial and utility customers.  Full Article

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