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Austal Ltd Announces Issuance Of Shares


Wednesday, 5 Dec 2012 02:27am EST 

Austal Ltd announced the issuance of 129,202,421 fully paid ordinary shares pursuant to the Institutional Entitlement Offer, as announced on November 22, 2012. Up to a further 42, 404,695 fully paid ordinary shares will be issued pursuant to the Retail Entitlement Offer, subject to the effects of rounding. The issue price is AUD 0.50 per share. The net proceeds will be used to reduce indebtedness and strengthen the Company's balance sheet. 

Company Quote

1.16
0.05 +4.50%
22 Aug 2014