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
$13.01 |
Change
-0.160(1.21%) |
Mkt cap ! $3.889B |
Open | High | Low | Value | Volume |
$13.10 | $13.15 | $12.94 | $22.67M | 1.736M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2527 | $13.01 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.02 | 2319 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2527 | 13.010 |
8 | 19616 | 13.000 |
2 | 26889 | 12.980 |
1 | 4300 | 12.970 |
4 | 11977 | 12.960 |
Price($) | Vol. | No. |
---|---|---|
13.090 | 1710 | 2 |
13.100 | 7075 | 2 |
13.120 | 7423 | 2 |
13.130 | 19966 | 1 |
13.140 | 11223 | 2 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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