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

Company News Summary

Silver Chef Announces Accelerated and Non renounceable Entitlement Offer

21 Mar 2017  |  10:30:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Accelerated and Non renounceable Entitlement Offer

Silver Chef announced that it intends to undertake an accelerated 1 for 12 pro rata non-renounceable entitlement offer of FPO shares in Company's (New Shares) to raise $21m (Entitlement Offer). Under the Entitlement Offer, eligible shareholders will be able to subscribe for one New Share for every twelve existing shares held on 23 March 2017 (Record Date) at the Offer Price (Entitlements). The funds raised from this Entitlement Offer will be used to support its ongoing growth in its rental asset base and ensure an appropriate mix of funding sources. The offer price for the Entitlement Offer will be $7.00 per New Share (Offer Price).

Please click here for full details

See more ASX300 News Announcements