QBE 1.50% $16.29 qbe insurance group limited

Orchestrated dumping!!, page-2

  1. 928 Posts.
    lightbulb Created with Sketch. 5
    QBE INSURANCE GROUP LIMITED 2002-09-05 ASX-SIGNAL-G

    HOMEX - Sydney

    +++++++++++++++++++++++++
    Pursuant to ASX Listing Rule 3.10.3, QBE advises that the issue of
    US$150 million in debt based LYONs securities (US$172.5 million if
    the over-allotment option is exercised in full by the underwriter)
    may result in the issue of ordinary shares of QBE. Details of the
    ordinary shares that may be issued are as follows:

    * Ordinary shares;

    * Maximum number of ordinary shares which may be issued is 38,971,393
    ordinary shares (if the over-allotment option is exercised in full by
    the underwriter);

    * Approximately A$566 million at maturity on 15 April 2022 and if the
    over-allotment option is exercised in full by the underwriter, at
    current A$/US$ exchange rates (unfortunately, the third dot point of
    our letter of 9 April 2002 was incorrect by referring to
    approximately A$566 million; the US$ amount at maturity after the
    exercise of the over-allotment option is US$505,375,000, which is
    approximately A$928 million at current A$/US$ exchange rates);

    * The ordinary shares that may be issued will rank equally with all
    existing issued ordinary shares; and

    * Debt restructure.

    QBE is not intending to seek shareholder approval at this time for
    any issue of ordinary shares under the terms of the LYONs. The issue
    will not be to an existing class of security holders.

    For more detail on the terms of the LYONs, the market is generally
    referred to our press release of 9 April 2002.


    D Ramsay
    GENERAL COUNSEL AND COMPANY SECRETARY
 
watchlist Created with Sketch. Add QBE (ASX) to my watchlist
(20min delay)
Last
$16.29
Change
0.240(1.50%)
Mkt cap ! $24.47B
Open High Low Value Volume
$16.00 $16.32 $16.00 $73.08M 4.502M

Buyers (Bids)

No. Vol. Price($)
1 1000 $16.25
 

Sellers (Offers)

Price($) Vol. No.
$16.29 10577 1
View Market Depth
Last trade - 16.10pm 06/09/2024 (20 minute delay) ?
QBE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.