PALADIN ENERGY LTD. (‘PALADIN’) – A$64.8 – A$69.4 MILLION INSTITUTIONAL PLACEMENT
The following summary of the terms and conditions of the securities is provided for your convenience and information.
Joint Lead Managers
and Bookrunners: UBS AG, Australia Branch and RBC Capital Markets
Issuer: PALADIN ENERGY LTD.
Issuer Description: Paladin Energy Ltd. (PDN) is a uranium production company with two operating mines in Africa, projects in Australia, Niger and Canada and a focused strategy to become a major uranium mining house. PDN's current focus is on its African projects, Langer Heinrich in Namibia and Kayelekera in Malawi
Ticker: PDN (listed on ASX and TSX)
Underwriting: Not underwritten
Offer Type: Non-underwritten primary placement of new fully paid ordinary shares (the “New Shares”)
Offer size ($): Approximately A$64.8 – A$69.4 million
Offer size (shares): Approximately 56.9 million New Shares (approximately 7.3% of issued capital, to be settled on either the Australian or Canadian share register of the Issuer)
Offer Price: Bookbuild from a floor of A$1.14 to A$1.22 per share with final price determined following the bookbuild.
BELLS TO BID AT FINAL PRICE.
Discount: Last Closing Price (ASX): A$1.31 (27 September 2011)
Discount to last close: 13.0% (based on A$1.14 bookbuild floor)
Discount to 5-day VWAP: 19.2% (based on A$1.14 bookbuild floor)
Ranking: New Shares rank pari passu in all respects with existing fully paid ordinary PDN shares from allotment
Use of proceeds: Funds raised will primarily be used to strengthen Paladin’s balance sheet to ensure the Company is well placed to meet all future commitments and pursue identified growth initiatives.
Timetable :
BIDS DUE IN FLOATS AT 4.30PM TODAY AT FINAL PRICE IN DOLLARS
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Last
$12.42 |
Change
0.020(0.16%) |
Mkt cap ! $3.707B |
Open | High | Low | Value | Volume |
$12.39 | $12.63 | $12.26 | $48.32M | 3.886M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 7610 | $12.41 |
Sellers (Offers)
Price($) | Vol. | No. |
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$12.43 | 1612 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 80 | 12.410 |
4 | 8957 | 12.400 |
1 | 9000 | 12.390 |
1 | 17272 | 12.380 |
2 | 184 | 12.370 |
Price($) | Vol. | No. |
---|---|---|
12.450 | 1817 | 2 |
12.520 | 9663 | 1 |
12.540 | 28935 | 3 |
12.550 | 3694 | 1 |
12.560 | 9663 | 1 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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