Atlas Arteria Completes Institutional Placement and Institutional Component Offer

  • Nov 25, 2019 AEDT
  • Team Kalkine

Atlas Arteria (ASX: ALX) announced that it has completed the fully underwritten Placement (which was oversubscribed) and the institutional component of the 4 for 21 pro-rata accelerated non-renounceable entitlement offer of new ordinary stapled securities.

  • The offer was announced to global and domestic sophisticated, professional and other institutional investors raising ~$1.2 billion.
  • Settlement of the Placement and institutional component of the Entitlement Offer is scheduled to take place on 2 December 2019, and the next day, allotment and quotation of the new securities on ASX is expected to occur.

At AEST (1:12 PM), ALX quoted $7.795, up by 2% from the previous close.

 

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