Shaw and Partners appointed as Joint Lead Manager to the proposed capital raising by Paladin Energy News16 Mar 2021

Shaw and Partners is pleased to be appointed as Joint Lead Manager, Joint Underwriter and Joint Bookrunner to the proposed capital raising by Paladin Energy Limited (ASX.PDN).

 

Paladin Energy is proposing to raise $218.7 million, via a placement and an accelerated pro-rata non-renounceable entitlement offer of up to approximately 591.0 million new ordinary fully paid shares at $0.37 per security. New shares issued under the Offer will rank pari passu with existing shares.

 

The Offer Price of $0.37 per security represents a 20.4% discount to last traded price of $0.465 and a 16.7% discount to the theoretical ex rights price (“TERP”) of A$0.444 and a 17.2% discount to the 5-day VWAP.

 

Paladin Energy is an ASX listed uranium company focussed on its 75% stake in the Langer Heinrich uranium mine in Namibia. Langer Heinrich is a globally significant, long-life operation, having already produced over 43Mlb U3O8 to date before operations were suspended in 2018 due to low uranium prices. The company also owns a large global portfolio of uranium exploration and development assets.

 

The offer is available to Australian Sophisticated and Professional Investors only.

 

For more information about the offer please get in touch with your Shaw and Partners adviser.

Related Articles
News26 Jul 2021 Dubber in $110m raising for M&A via Shaw and Partners, Barrenjoey
Call recording and voice intelligence software company Dubber Corp is seeking to raise $110 million in a deal at $2.95 a share.   The deal was structured as a placement and price... Read More
News22 Jul 2021 Xpansiv trades in Shaw and Partners, Barrenjoey for raising
The young and the old are set to join forces for ESG-inclusive commodities marketplace Xpansiv’s latest capital raise, with Barrenjoey and Shaw and Partners rustling up interest in... Read More
News22 Jul 2021 Shaw and Partners appointed as Lead Manager to a capital raising by Friesian
Shaw and Partners is pleased to be appointed as Lead Manager to a capital raising by Friesian.    Friesian is seeking to raise $6.0m ordinary equity and $5.0m unsecured 7.0% note... Read More
News13 Jul 2021 Shaw and Partners Melbourne office hosts Tony Rabah, Founder of the Male Hug
It's OK not to be OK! Shaw and Partners had the pleasure of hosting Tony Rabah, Founder of the Male Hug, in our Melbourne office today.    The Male Hug is a not for profit organi... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%