PLS 3.28% $2.83 pilbara minerals limited

Ann: Trading Halt, page-131

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ANNOUNCEMENT SPONSORED BY PLUS500
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  1. 308 Posts.
    lightbulb Created with Sketch. 49
    No one has been advisednof the record date as of yet, most can presume it will be 28 Oct 20.

    The below is from the anouncement, Fri 11 Dec 20.

    "Effectuation of the DOCA and completion of the Share Sale Agreement remain subject to
    Pilbara Minerals completing a A$240 million equity raising, which, as previously
    announced, will comprise:
    • a A$119 million placement to AustralianSuper Pty Ltd in its capacity as trustee for
    AustralianSuper and Resource Capital Fund VII L.P. (“Placement”); and
    • a A$121 million fully underwritten accelerated non-renounceable entitlement offer
    (“Entitlement Offer”), each at a price of A$0.36 per share (together, the “Equity Raising”). The offer price was set
    on the announcement of Pilbara Minerals’ entry into the Implementation Deed on 28
    October 2020.
    The Placement process will commence today, with the Entitlement Offer expected to
    launch early next week following completion of the Placement. Further details on its
    timing will be provided when the Entitlement Offer is launched.
    Upon the release of this announcement, the Company requests the reinstatement of
    trading of its securities.

    Release authorised by Ken Brinsden, Pilbara Minerals Limited’s Managing Director"



 
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