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Speedcast International Announces Successful Completion of Retail Entitlement Offer

23 Nov 2016  |  16:23:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: SpeedCast successfully completes Retail Entitlement Offer

Speedcast International advised that it has successfully completed the retail entitlement offer component (Retail Entitlement Offer) of its fully underwritten 2 for 3 accelerated renounceable entitlement offer (the Offer). The Company will offer 8.8m shares for sale through the Retail Shortfall Bookbuild which are attributable to entitlements not taken up by eligible retail shareholders by the close of the Retail Entitlement Offer and entitlements that would otherwise have been offered to ineligible retail shareholders (Retail Shortfall Bookbuild). The Retail Entitlement Offer are expected to be allotted on 29 November 2016 and will commence trading on 30 November 2016.

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