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

Company News Summary

WorleyParsons Issues Retail Entitlement Offer Booklet

13 Oct 2017  |  10:06:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Retail Entitlement Offer Booklet

WorleyParsons issued retail entitlement offer booklet. The Company announced its intention to raise $322m by way of a pro rata accelerated non-renounceable entitlement offer (the Entitlement Offer) at the Offer Price. The Entitlement Offer comprises of an offer to Eligible Institutional Shareholders (Institutional Entitlement Offer) and an offer to Eligible Retail Shareholders (Retail Entitlement Offer) to which this Information Booklet relates. The Institutional Entitlement Offer was successfully completed on 10 October 2017 and raised $253m at the Offer Price. Proceeds will be used to fund the acquisition of the majority of Amec Foster Wheeler Group former UK upstream Oil and Gas operations. The record date is 11 October 2017.

Please click here for full details

See more ASX300 News Announcements