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Austal Ltd Announces Retail Entitlement Offer Completed


Thursday, 20 Dec 2012 05:25pm EST 

Austal Ltd announced that the retail component of its 9 for 10 non-renounceable entitlement offer (Entitlement Offer) has now closed, raising gross proceeds in excess of AUD 11 million. In addition, as previously announced, Allan Gray Australia Pty Ltd, Austal’s shareholder, has committed to subscribe for part of the shortfall at the same price as under the Entitlement Offer, to raise a further approximately AUD2 million. This follows the completion of the institutional component on November 23, 2012, which raised approximately AUD65 million. With the retail component closed, total gross proceeds raised from the Entitlement Offer will be approximately AUD78 million. 

Company Quote

1.2
-0.03 -2.44%
29 Jul 2014