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Paladin Energy Announces Placement and SPP

11 Sep 2019  |  09:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Placement and Share Purchase Plan

Paladin Energy announced that it intends to raise A$30.2m (before costs) by way of a placement to qualified, institutional and sophisticated investors (Placement). The Placement will comprise the issue of up to 262.81m FPO shares at an issue price of 11.5 cps. Shares issued under the Placement will rank equally with the Company's existing ordinary shares from their date of issue. The proposed issue of shares under the Placement is within Company's existing placement capacity under ASX Listing Rule 7.1. It also announced that in addition to the Placement, it will undertake a Share Purchase Plan (SPP) to provide existing eligible shareholders with an opportunity to apply to purchase up to A$30,000 of Company FPO shares at the same issue price as under the Placement.

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