In order to secure the financial flexibility to meet anticipated cashflow requirements and navigate a range of operating and regulatory uncertainties, the Company is announcing in conjunction with the release of the half year financial statements a plan to execute a capital restructure. The capital raising will take the form of an $800.0 million equity raising, including approximately $685.0 million 3 for 5 pro rata accelerated non-renounceable entitlement offer and approximately $115.0 million institutional placement. The Company's joint venture partners, Chow Tai Fook and Far East Consortium, have provided binding pre-commitments for approximately $80.0 million, which equates to their functional pro-rata entitlement in the equity raising. The balance of the equity raising is underwritten.
The Company has also secured a relief package from existing bank and USPP lenders to amend covenants through to and including 30 June 2025, conditional on completion of the announced capital restructure.
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- Ann: Appendix 4D & 2023 Half-Year Financial Report
Ann: Appendix 4D & 2023 Half-Year Financial Report, page-3
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Last
51.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.484B |
Open | High | Low | Value | Volume |
51.5¢ | 52.3¢ | 51.0¢ | $1.444M | 2.800M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
47 | 826084 | 51.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.5¢ | 291655 | 28 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
47 | 826083 | 0.510 |
27 | 1353132 | 0.505 |
50 | 1494451 | 0.500 |
13 | 461938 | 0.495 |
20 | 469547 | 0.490 |
Price($) | Vol. | No. |
---|---|---|
0.515 | 291655 | 28 |
0.520 | 349604 | 36 |
0.525 | 454029 | 16 |
0.530 | 253435 | 12 |
0.535 | 1352151 | 11 |
Last trade - 14.43pm 12/08/2024 (20 minute delay) ? |
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