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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51.0¢ |
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Mkt cap ! $1.463B |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
15 | 864292 | 50.5¢ |
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Price($) | Vol. | No. |
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51.0¢ | 271534 | 12 |
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7 | 313007 | 0.500 |
9 | 169824 | 0.495 |
11 | 287629 | 0.490 |
12 | 570374 | 0.485 |
Price($) | Vol. | No. |
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0.510 | 220582 | 6 |
0.515 | 751301 | 13 |
0.520 | 1637165 | 29 |
0.525 | 225503 | 7 |
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