3 2 Chairman’s Letter 21 May 2020 Dear Shareholder . 30 April 2020. Warnes says retail shareholders are being offered 10 per cent of the total issue, in line with their ownership of existing stock, …
Warnes says retail shareholders are being offered 10 per cent of the total issue, in line with their ownership of existing stock, …
On 27 May 2020, NAB announced the results of the SPP offer. %PDF-1.7 %���� For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214James Mickleboro has been a Motley Fool contributor since late 2015.
350 0 obj <>/Filter/FlateDecode/ID[<7704777EB0C9114C9D358A0C745911FE><7E742A758CF1F24E8A85871FD039B9E8>]/Index[344 10]/Info 343 0 R/Length 48/Prev 548866/Root 345 0 R/Size 354/Type/XRef/W[1 2 0]>>stream h�265T0P0 0 : ���� JFIF ,, �� C endstream endobj 345 0 obj <> endobj 346 0 obj <>>>/Rotate 351 0 R/Type/Page>> endobj 347 0 obj <>stream endstream endobj 349 0 obj <>stream QBE shares at 7.00pm (Sydney time) on 9 April 2020, and were shown on QBE's register to have an address in Australia or New Zealand at that time (Eligible Shareholder). h�b```"�g� ̀ ��,@ȱg�ܢG� N3�}��};�2��+2}�kz����b " l hj�@���� ���`�|��� �� �z�w��H`=�$��a���� H�0p��A���, RJ��e *p&� Register here Latest news on social media. QBE Insurance (ASX: QBE) will dilute more than 12 per cent of its ownership as it rattles the tin to secure $1.32 billion in extra capital. "Despite the extraordinarily difficult landscape, QBE commenced the year with strong pricing momentum and underlying premium growth," says QBE CEO Pat Regan. ",#(7),01444'9=82 h�bbd`b`��������pH� �|&�?s�_0�g�e��� � x� The placement is due for completion tomorrow, and will be followed up by a US$75 million (AUD$117 million) share purchase plan (SPP) that will close on 11 May.
For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. $.' Companies have been quick to raise funds to boost liquidity and ensure they come out of the crisis in a sound financial position.Here’s a summary of the capital raisings which have occurred in 2020:Offer price: $4.40 per new share, representing an 8.5% discount to the last closing price.Reason: To strengthen its balance sheet and place the company in a strong position to continue to execute its 5-year strategy and any other growth initiatives that may arise.Offer price: $9.34 per new share, representing a 9% discount to the adjusted last close price.Reason: To support the growth it is experiencing in its residential mortgage business, further strengthen its balance sheet, and provide an increased buffer above APRA’s unquestionably strong CET1 capital ratio requirements.Offer price: $140.00 per new share, representing a 16.7% discount to the last closing price.Reason: To take pre-emptive and decisive action to ensure it remains strongly capitalised during the current market uncertainties and to position the company for the future.Offer price: $12.50 per new share, representing an 11.6% discount to the last closing price.Reason: Proceeds from the offer will be used to enhance balance sheet flexibility, support the business during the current macro-economic uncertainty, and materially increase liquidity and reduce net debt.Offer price: $7.20 per new share, representing a 27.3% discount to the last traded price.Reason: To ensure Flight Centre can trade through an extended period of uncertainty and disruption, can continue to deliver high quality travel services to customers, and can capitalise on opportunities as market conditions improve.Offer price: 80 cents per new share, representing a 25.9% discount to the last traded price.Reason: Proceeds from the equity raising will be used to repay debt, increase cash on hand, and pay transaction costs.Offer price: $10.65 per new share, representing a 7.9% discount to the last traded price.Reason: To ensure IDP can navigate the current COVID-19 uncertainty with a very strong balance sheet.Offer price: $10.40 per new share, representing a discount of 7.8% to its last close price.Reason: To provide enhanced support for its growth initiatives and further strengthen its balance sheet during the COVID-19 pandemic.Offer price: $9.80 per security, representing an 8.2% discount to the last closing price.Reason: To strengthen its balance sheet and leave Lendlease well positioned to continue with the delivery of its development pipeline and take advantage of investment and development opportunities as markets stabilise.Offer price: $2.80 per new share, representing a 7.9% discount to the last traded price.Reason: Provide working capital and operational support for the retail network, continue investing in the MFuture growth program, complete three bolt-on acquisitions, and increase its liquidity buffer.Offer price: $14.15 per new share, representing an 8.5% discount to its adjusted last closing price.Reason: To provide it with sufficient capacity to continue supporting customers through the challenging times ahead, as well as increasing its capital level to assist and manage through a range of possible scenarios, including a prolonged and severe economic downturn.Offer price: $1.57 per new share, representing a 7.1% discount to the last closing price.Reason: The proceeds will be used to strengthen its balance sheet, replenish investment capacity, and provide additional funding flexibility.Offer price: $25.60 per new share, representing a 7% discount to the last closing price.Reason: To purchase the Fruta del Norte Financing Facilities and to fund future growth options such as the construction of declines at Havieron and Red Chris.Offer price: $7.80 per new share, representing a 15% discount to the last close price.Reason: Support its growth agenda, including the proposed development of a new data centre in Sydney, together with the balance sheet flexibility required to accelerate and expand a range of growth initiatives in line with recent and expected material customer contract wins.Offer price: 53 cents per new share, representing a 37% discount to the last closing price.Reason: To pay down company debt in order to strengthen its balance sheet and support the continuation of the its growth despite present market conditions.Offer price: $2.10 per new share, representing a 23.1% discount to the last closing price.Reason: The proceeds will be used to strengthen Oil Search’s balance sheet and increase liquidity, so that it can withstand a prolonged period of low oil prices.Offer price: A$8.25 per new share, representing a 9.4% discount to the last closing price.Reason: The equity raising will be used to position QBE with demonstrable capital strength to navigate a broad range of severe economic scenarios.Offer price: $1.95 per new share, representing an 11.8% discount to the last closing price.Reason: To provide significant balance sheet flexibility, support continued investment in Qube’s core business, and strategic acquisitions.Offer price: $56.00 per new share, representing a 12.9% discount to the last closing price.Reason: The proceeds will initially be used to partially repay Ramsay Funding Group’s revolving debt facilities which will remain available for redraw.Offer price: $1.10 per share, representing a 6.4% discount to its last close price.Reason: To repay all amounts outstanding under its US$130 million Toro Gold acquisition finance facility.Offer price: 9 cents per new share, representing a 45.5% discount to the last traded price.Reason: To strengthen its balance sheet, reduce net debt, and to fund transaction costsOffer price: $1.70 per new share, representing a 37.7% discount to the last closing price.Reason: To strengthen its balance sheet in light of the continued impact of COVID-19 and associated government restrictions impacting travel globally.
The SPP opens from 9:00am (Sydney time) today and Eligible Shareholders can participate either online by visiting the SPP offer website (www.qbesppoffer.com) and endstream endobj 348 0 obj <>stream The Company will also offer existing eligible shareholders the opportunity to participate in a non-underwritten SPP…
QBE 2020 half year results.
On behalf of Breville Group Limited ABN 90 086 933 431 (‘Breville’), I am pleased to offer you the opportunity to participate in the Breville Share Purchase Plan (‘SPP’).The SPP provides each
The placement is due for completion tomorrow, and will be followed up by a US$75 million (AUD$117 million) share purchase plan (SPP) that will close on 11 May. QBE’s SPP was announced to the market on 14 April 2020, and the booklet and application form were distributed to Eligible Shareholders on 21 April 2020.
QBE's US$825 million ($1.3 billion) rights issue in recent times, the insurer's $8.25 offer price well below its recently revised fair value of $11.
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