Key Developments For Servcorp Ltd
Servcorp Ltd (SRV.AX) (Australia Stock Exchange)
Servcorp Limited Completes Retail Component Of Equity Raising
Servcorp Limited announced that it has completed the allotment of new ordinary shares pursuant to the retail component of the equity raising. A total of 1,125,916 new ordinary shares have been allotted. The Company confirmed that it has received the full amount of $80 million less expenses pursuant to the capital raising.
Servcorp Limited Completes $80 Million Capital Raising
Servcorp Limited announced that it has successfully completed the retail component of the accelerated non-renounceable entitlement offer (Entitlement Offer) announced on October 12, 2009. The retail component of the Entitlement Offer (Retail Entitlement Offer) raised proceeds of approximately $4.5 million. This follows the completion of the institutional placement and institutional component of the Entitlement Offer that raised approximately $75.4 million. The Company accepted applications for approximately $1.6 million, including applications for entitlements of approximately $0.9 million and applications for new shares in excess of entitlements (Additional New Shares) of approximately $0.7 million under the Retail Entitlement Offer. The Company will issue approximately 1.1 million new shares in relation to the Retail Entitlement Offer.
Servcorp Limited Completes Institutional Entitlement Offer And Institutional Placement
Servcorp Limited announced the successful completion of the institutional placement (Institutional Placement) and the institutional component of its accelerated non-renounceable pro-rata entitlement offer (Institutional Entitlement Offer, together the Institutional Offer) which opened on October 12, 2009. A total of approximately AUD75 million has been raised from institutional investors following completion of the Institutional Offer. The retail entitlement offer opens on October 20, 2009 and is expected to close at 5:00pm (AEDT) on November 6, 2009 (Retail Entitlement Offer). The Retail Entitlement Offer has been fully underwritten and will raise approximately AUD5 million. The Retail Entitlement Offer is open to eligible retail shareholders in Australia and New Zealand who are registered on the Servcorp share register at the record date of 7.00pm (AEDT) on October 15, 2009 (Eligible Retail Shareholders). Eligible Retail Shareholders will have the opportunity to participate at the same price and offer ratio as under the Institutional Entitlement Offer.
Servcorp Limited To Pay Special Dividend
Servcorp Limited announced that it is to pay a fully franked special dividend of 5.0 cents per share. This is in addition to the fully franked ordinary dividends totalling 15.0 cents per share paid out of the Company’s 2008 year profits.
Servcorp Limited Announces Special Dividend
Servcorp Limited announced that its Directors anticipate a fully franked special dividend of 5 cents per share will be paid in December 2008, bringing total fully franked dividends for the year to 20 cents per share.
