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Company News Summary

Carsales.com Announces Entitlement Offer

27 Jun 2022  |  17:29:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Shareholder Communication

Carsales.com announced a fully underwritten pro-rata accelerated non-renounceable entitlement offer of new Company shares (New Shares) to raise A$1,207m (Entitlement Offer). The Entitlement Offer comprises an offer to both eligible institutional shareholders and eligible retail shareholders (Eligible Retail Shareholders) to participate. An Eligible Retail Shareholder will be able to subscribe for 1 New Share for every 4.16 existing ordinary shares held on the Record Date of 29 June 2022 (Retail Entitlement) at the offer price of A$17.75 per New Share (Offer Price) (Retail Entitlement Offer). The Retail Entitlement Offer opens on 1 July 2022 and is expected to close on 13 July 2022.

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