By Jennifer Chiou
New York, May 28 - Ausenco Ltd. said it is launching a private placement for A$40.5 million as well as a stock purchase plan.
The company will sell shares at A$3.20 each, which is a 13.5% discount to Ausenco's closing share price on May 27.
Deutsche Bank AG, Sydney branch and ABN Amro Morgans Ltd. are the placement agents.
Following the placement, the company will institute a stock purchase plan to its qualified shareholders for up to A$15,000 each.
Proceeds from the placement and the purchase plan will be used for exploration and growth following the company's recent new contracts at Cadia East and Gosowong.
Based in Brisbane, Australia, Ausenco is a provider of engineering, project management and operation services for the resources and energy sectors.
| Issuer: | Ausenco Ltd.
|
| Issue: | Stock
|
| Amount: | A$40.5 million
|
| Price: | A$3.20
|
| Warrants: | No
|
| Placement agents: | Deutsche Bank AG, Sydney branch and ABN Amro Morgans Ltd.
|
| Announcement date: | May 28
|
| Settlement date: | June 3
|
| Stock symbol: | Australia: AAX
|
| Stock price: | A$3.70 at close May 27
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
