Key Developments: Arrium Ltd (ARI.AX)

ARI.AX on Australia Stock Exchange

0.40AUD
18 Sep 2014
Price Change (% chg)

$-0.17 (-29.20%)
Prev Close
$0.65
Open
$0.46
Day's High
$0.46
Day's Low
$0.39
Volume
139,368,487
Avg. Vol
11,316,164
52-wk High
$1.88
52-wk Low
$0.39

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Latest Key Developments (Source: Significant Developments)

Arrium Limited announces completion of equity raising
Wednesday, 17 Sep 2014 06:30pm EDT 

Arrium Limited:Announces completion of the institutional component of its fully underwritten equity raising.Institutional component of the one for one pro-rata accelerated renounceable entitlement offer and institutional placement completed raising gross proceeds of about $465 million.  Full Article

Arrium Limited announces entitlement offer
Sunday, 14 Sep 2014 08:00pm EDT 

Arrium Limited:proposes to issue about 1,366,183,142 ordinary shares pursuant to the terms of the underwritten accelerated renounceable entitlement offer.Shares issued for $0.48 per new share under the Entitlement Offer.The proceeds received from the Entitlement Offer and the Placement will be used to repay debt.  Full Article

Arrium Ltd announces final unfranked dividend
Tuesday, 19 Aug 2014 12:00am EDT 

Arrium Ltd:Announces a final unfranked dividend of 3.0 cents per ordinary share.The record date for determining entitlement to the final dividend is Sept. 12, 2014.Says ex-dividend trading commencing on Sept. 10, 2014.Says the final dividend is expected to be paid on Oct. 16, 2014.  Full Article

Arrium Ltd announces appointment of new Chairman
Monday, 18 Aug 2014 01:00am EDT 

Arrium Ltd:Says that Jerry Maycock will succeed Peter Smedley as Chairman of the company.The appointment will be effective upon Smedley’s retirement following the 2014.  Full Article

ACCC will not oppose proposed acquisition of OneSteel Sheet and Coil by BlueScope Steel Ltd from Arrium Ltd following divestiture remedy
Wednesday, 5 Mar 2014 05:21pm EST 

The Australian Competition and Consumer Commission:Says that it will not oppose the proposed acquisition of the OneSteel Sheet and Coil business from Arrium Ltd by BlueScope Steel Ltd after accepting an undertaking from BlueScope to sell its sheet and coil processing assets in Western Australia.After consultation with a range of market participants, including sheet and coil distribution customers, rival sheet and coil distributors and industry associations, the ACCC identified competition concerns in sheet and coil distribution in Western Australia.BlueScope has agreed to provide a court enforceable undertaking requiring it to sell its sheet and coil processing assets in Western Australia to an ACCC approved purchaser.The ACCC clearance includes approval of Selection Steel as the purchaser of the divestiture business.  Full Article

Arrium Ltd announces holding interest by Vinva Investment Management
Monday, 3 Mar 2014 11:39pm EST 

Arrium Ltd:Vinva Investment Management holds 68,709,307 FPO securities representing 5.05 pct of interest in the share capital of the company.  Full Article

Arrium Ltd announces interim dividend
Monday, 17 Feb 2014 07:00pm EST 

Arrium Ltd:Declares an interim unfranked dividend of A$0.06 per ordinary share.Record date for determining entitlement to the interim dividend is March 14 with ex-dividend trading commencing on March 7.Says interim dividend is expected to be paid on April 17.  Full Article

BlueScope Steel Ltd Agrees To Acquire Arrium Ltd's OneSteel Sheet And Coil Processing And Distribution Businesses
Sunday, 13 Oct 2013 07:06pm EDT 

BlueScope Steel Ltd announced that it has agreed to acquire from Arrium Ltd its OneSteel sheet and coil processing and distribution businesses in Sydney, Brisbane, Adelaide and Perth. BlueScope will pay inventory value at completion (as at September 30, 2013, this was $23.1 million) for the assets and assumed liabilities and expects to incur net integration costs of $7 million. Completion is targeted for the end of the December 2013 quarter.  Full Article

Capral Ltd Announces Acquisition Of OneSteel Aluminium Business And Placement
Monday, 2 Sep 2013 02:00am EDT 

Capral Limited announced that it has entered into an agreement to acquire the OneSteel Aluminium (OSA) business from OneSteel Trading Pty Limited, a subsidiary of Arrium Limited (OneSteel Trading), for approximately $19 million (Acquisition). OSA is an established specialist aluminum distribution business selling both extrusion and rolled products. Capral is acquiring the inventory and fixed assets of the business and all current OSA employees will be offered employment with Capral. The acquisition is expected to become unconditional and be completed by September 30, 2013.  Full Article

Arrium Ltd Announces Final Unfranked Dividend
Monday, 19 Aug 2013 09:34pm EDT 

Arrium Ltd announced a final unfranked dividend of 3.0 cents per ordinary share. The Record date for determining entitlement to the final dividend is September 13, 2013 with ex-dividend trading commencing on September 9, 2013. The final dividend is expected to be paid on October 17. 2013.  Full Article

UPDATE 1-Arrium share sale faces tepid demand, shares dive

* Institutional shareholders took up 79 pct of entitlements

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