Key Developments: Transpacific Industries Group Limited (TPI.AX)
1.30AUD
1:10am EDT
$0.01 (+0.78%)
$1.29
$1.32
$1.33
$1.30
2,109,571
2,520,574
$1.78
$1.03
Latest Key Developments
Transpacific Industries Group Ltd. Do Not Declares Dividend
Transpacific Industries Group Ltd. announced that the Directors have resolved that no interim dividend will be paid.
Transpacific Industries Group Ltd. Issues H1 2010 Earnings Outlook
Transpacific Industries Group Ltd. announced that for the first half of 2010, it expects operating EBITDA to be between $197 and $200 million and operating EBIT between $115 and $118 million.
Transpacific Industries Group Ltd. Announces Resignation Of CFO
Transpacific Industries Group Ltd. announced that its CFO, Glen Battershill, will leave the Company in March 2010, having tendered his resignation.
Transpacific Industries Group Ltd. Announces Change Of Auditors
Transpacific Industries Group Ltd. announced that Ernst & Young will be the appointed as the new external auditor in place of Bentleys.
Transpacific Industries Group Ltd. Announces Ownership Interest Of WP X Holdings B.V.
Transpacific Industries Group Ltd. announced that WP X Holdings B.V. holds 297,076,953 shares representing 30.92% stake in the Company. Earlier WP X Holdings B.V. had an interest of 34.3% of issued share capital of the Company.
Transpacific Industries Group Ltd. Not To Declare Final Dividend
Transpacific Industries Group Ltd. announced that Board has decided not to declare a final dividend in fiscal 2009.
Transpacific Industries Group Ltd. Announces Completion of Equity Raising
Transpacific Industries Group Ltd. announced that it has completed the retail component of its accelerated renounceable 1.77 for 1 Entitlement Offer (Retail Entitlement Offer). The Retail Entitlement Offer has raised approximately AUD176 million from the issue of approximately 147 million new shares at an issue price of AUD1.20 per share. Given the number of shares that will be allotted to WP X Holdings BV (Cornerstone Investor) under its sub-underwriting of the Entitlement Offer exceeds 92.1 million shares, there will be no secondary placement to the Cornerstone Investor. The Cornerstone Investor’s shareholding following the completion of the Initial Placement and the Entitlement Offer will be approximately 30.75%. Approximately 137 million shares were offered for sale under the Retail Entitlement Bookbuild. The bookbuild price for these shares was AUD1.20 per share, being equal to the offer price under the Entitlement Offer. Accordingly, retail shareholders who elected not to take up their entitlements in full, and ineligible retail shareholders who were not entitled to take-up new shares, will not receive any premium for each entitlement or new share not taken up (Retail Premium). Proceeds from the settlement of the Retail Entitlement Offer and Retail Entitlement Bookbuild will be paid to the Cornerstone Investor as a reimbursement for shares not taken-up under their pre-funded sub-underwriting of the Retail Entitlement Offer.
Transpacific Industries Group Ltd. Announces Holding Interest Of Australia and New Zealand Banking Group
Transpacific Industries Group Ltd. announced that Australia and New Zealand Banking Group has 44,895,755 fully paid ordinary shares, representing 5.51% of voting power in the Company.
Transpacific Industries Group Ltd. Announces Ownership Interest Of Macquarie Group Limited
Transpacific Industries Group Ltd. announced that Macquarie Group Limited has 147,883,78 fully paid ordinary shares, representing 15.39% of shares in the Company.
Transpacific Industries Group Ltd. Announces Results Of Institutional Entitlement Offer
Transpacific Industries Group Ltd. announced that it has successfully completed the institutional component of its accelerated pro-rata renounceable 1.77 for 1 entitlement offer, announced to the market on July 15, 2009. The Institutional Entitlement Offer has raised approximately $560 million from the issue of approximately 467 million shares at an issue price of $1.20 per share. Eligible institutional shareholders (not including the Peabody Family) took up over 86% of their entitlements. As a result of the Peabody Family taking up $70 million of New Shares, renunciations from eligible institutional shareholders and other ineligible institutional shareholders, approximately 185 million New Shares were available under the Institutional Bookbuild. The bookbuild price for these shares was $1.20 per share, being equal to the offer price $1.20 under the Entitlement Offer. Accordingly, institutional shareholders who elected not to take up their entitlements in full, and ineligible institutional shareholders who were not entitled to take up new shares, will not receive any premium for each entitlement or New Share not taken up.
Alm Brand buys Headwaters for greentech fund
COPENHAGEN (Reuters) - Environment and renewable energy are themes in vogue among institutional investors, said Danish fund managers Alm Brand, who recently bought shares in the energy-efficient solutions company Headwaters Inc.
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