AJL aj lucas group limited
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News: AJL AJ Lucas Announces Entitlement Offer To Raise Up To $46.3M Mln

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    07/11/19
    12:00
    Post #: 41295247

    Nov 7 (Reuters) - AJ Lucas Group Ltd (AJL) :

    • AJ LUCAS GROUP LTD ANNOUNCES ENTITLEMENT OFFER TO RAISE UP TO $46.3M MILLION
    • ENTITLEMENT OFFER PRICED AT $0.065 PER AJ LUCAS SHARE
    • UNDERTAKING A 19 FOR 20 PRO-RATA ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER
    • ROCEEDS FROM KEROGEN'S PARTICIPATION IN OFFER TO BE USED TO PARTIALLY REPAY AMOUNTS DUE UNDER KEROGEN'S EXISTING SUBORDINATED LOAN FACILITY
    • REMAINING PROCEEDS FROM OFFER TO BE USED FOR CO'S SHARE OF FUTURE COMMITMENTS TO UK INVESTMENTS
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