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Echo Entertainment Group Ltd Announces 1 For 5 Accelerated Renounceable Entitlement Offer


Thursday, 14 Jun 2012 06:31pm EDT 

Echo Entertainment Group Ltd announced a fully underwritten 1 for 5 accelerated renounceable entitlement offer of new Echo ordinary shares (New Shares) at an offer price of AUD 3.30 per New Share (Offer Price) to raise approximately AUD 454 million (Entitlement Offer). The Company will issue 137,575,758 Shares under a pro rata accelerated renounceable entitlement offer.