A fully underwritten Offer of approximately 79.1 million Shares to raise $165.9 million (the “IPO” or the “Offer”)
1
Offer Price
$2.10 per Share
2
Market Cap at the Offer Price
$330.9 million
3
Use of Funds
$165.9m is being raised under the Offer which represents the proceeds from the sale of Shares by SaleCo. This amount, less costs of approximately $5.8m will be paid to the Existing Owners
Post completion of the Offer, Existing Owners will own approximately 49.8% of IPH which will be held in escrow for up to two years from listing
4
Suitability
Value
The prospectus is not yet lodged but is expected to be on or around Thursday, 9 October. Until the prospectus is lodged you may only seek interest from sophisticated investors. Following lodgement of the prospectus you may refer retail investors to the document.
Indicative Timetable Broker Firm Bids Duein Floats:4pm (AEDT), Tuesday, 7 October 2014 Prospectus lodged with ASIC (expected): 9 October 2014 Offer Opens: 27 October 2014 Offer Closes:10 November 2014 Settlement: 12 November 2014 Anticipated commencement of ASX trading: 19 November 2014
