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
- Forums
- ASX - By Stock
- PDN
- paladin book build 1.14 - 1.19
paladin book build 1.14 - 1.19
-
-
- There are more pages in this discussion • 60 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$12.39 |
Change
-0.095(0.76%) |
Mkt cap ! $3.665B |
Open | High | Low | Value | Volume |
$12.12 | $12.39 | $11.99 | $15.71M | 1.289M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 3032 | $12.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.39 | 300 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
16 | 1337 | 12.360 |
24 | 5249 | 12.350 |
14 | 3644 | 12.340 |
9 | 7013 | 12.330 |
4 | 2218 | 12.320 |
Price($) | Vol. | No. |
---|---|---|
12.370 | 2171 | 17 |
12.380 | 3536 | 8 |
12.390 | 5001 | 19 |
12.400 | 4196 | 8 |
12.410 | 1672 | 3 |
Last trade - 14.22pm 01/07/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online