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

Published: Oct 11 2017
Deal Summary

WorleyParsons Limited, an oil and gas services company, completed the retail entitlement offering of 5,312,907shares, at a price of A$13 (US$10.11) per share, for gross proceeds of A$69 million (MM) (US$53.69 MM). The offering was made on the basis of one new share for every 10 shares held.

UBS AG acted 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.

Deal history

Completed: On November 2, 2017, WorleyParsons completed the retail entitlement offering of 5,312,907shares, at a price of A$13 (US$10.11) per share, for gross proceeds of A$69 MM (US$53.69 MM).

Update: On October 18, 2017, the expected closing date of the retail entitlement offering has been extended from October 25, 2017 to November 2, 2017.

Announced: On October 11, 2017, WorleyParsons agreed to issue shares, at a price of A$13 (US$10.11) per share, for gross proceeds of A$69 MM (US$53.69 MM), in a retail entitlement offering.

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