Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

WorleyParsons Completes Institutional Entitlement Offer

11 Oct 2017  |  10:03:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WorleyParsons completes Institutional Entitlement Offer

WorleyParsons announced the successful completion of the institutional component (Institutional Entitlement Offer) of its 1 for 10 accelerated non-renounceable pro-rata entitlement offers (Entitlement Offer) announced to the Australian Securities Exchange (ASX) on 9 October 2017. The Entitlement Offer is being undertaken to fund the acquisition of AFW UK Oil & Gas (AFW UK). The Institutional Entitlement Offer raised $253m at $13.00 per share (Offer Price), and was very well supported by eligible institutional shareholders, who took up 98.4% of their entitlements. The bookbuild to cover the small institutional shortfall attracted extremely demand from both existing Company's shareholders and other institutional investors.

Please click here for full details

See more ASX300 News Announcements