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Speedcast International Completes Retail Shortfall Bookbuild

24 Nov 2016  |  08:56:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SDA successfully completes retail shortfall bookbuild

Speedcast International announced the successful completion of the retail shortfall bookbuild as part of its fully underwritten 2 for 3 accelerated renounceable entitlement offer. As the Retail Shortfall Bookbuild did not price above the Offer price of A$ 3.10, eligible retail shareholders who did not exercise their entitlements, and ineligible retail shareholders, will not receive any value for retail entitlements offered in the Retail Shortfall Bookbuild on their behalf. Shares taken up under the Retail Entitlement Offer are expected to be allotted on 29 November 2016 and will commence trading on 30 November 2016. The completion of the Retail Shortfall Bookbuild concludes the A$ 295M accelerated renounceable entitlement offer to fund the acquisition of Harris CapRock from Harris.

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