Company News Summary
Silver Chef Announces Accelerated and Non renounceable Entitlement Offer
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).
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