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AVJennings Ltd Announces Non-Renounceable Entitlement Offer

Tuesday, 23 Apr 2013 07:19pm EDT 

AVJennings Ltd announced that it is undertaking a 2 for 5 non-renounceable pro rata entitlement offer to raise approximately AUD 41.2 million (before costs) (Entitlement Offer). The principal terms of the Entitlement Offer are: 2 new fully paid ordinary shares for every 5 existing ordinary shares held on the record date of May 3, 2013 (Record Date) by AVJ shareholders with a registered address in Australia, New Zealand and Singapore or any other shareholders in other jurisdictions to whom AVJ decides to make offers; an issue price of AUD 0.375 per share, which represents a discount of 4.5% to the VWAP of shares on the 20 trading days to April 19, 2013; and the Entitlement Offer is non-renounceable. The additional capital sought will be applied to support AVJ's general working capital requirements. 

Company Quote

0.02 +3.17%
23 Oct 2014