WorleyParsons Announces Retail Entitlement Offering Of Shares For US$53.7 Million

Published: Oct 11 2017
Deal Summary

WorleyParsons Limited, an oil and gas services company, agreed to issue shares, at a price of A$13 (US$10.11) per share, for gross proceeds of A$69 million (MM) (US$53.69 MM), in a retail entitlement offering. The offering will be made on the basis of one new share for every 10 shares held.

UBS AG is acting as lead manager to the company for the offering. The company intends to use the proceeds from the offering to fund the acquisition of AFW UK Oil & Gas Limited.

The offering is expected to be completed on October 25, 2017.

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