egolinews.com

Lend Lease Group (LLC) announced the completion of its fully underwritten $806 million equity raising by way of a 5 for 22 single Entitlement Offer and the result of the Shortfall Bookbuild. The group said 28,206,762 new securities were offered at $8.60 per new share under the Shortfall Bookbuild conducted on yesterday. Lend Lease said this price represented a discount of 1.4% to the last traded price of the group’s shares and a premium of 90c or 11.7% to the Entitlement Offer price of $7.70 per new security. The group said this premium would be returned to renounced eligible institutional and retail shareholders and to ineligible shareholders on or about Friday, 9 April 2010.

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Snippets Corner by egoli

Lend Lease Group (LLC) announced the completion of its fully underwritten $806 million equity raising by way of a 5 for 22 single Entitlement Offer and the result of the Shortfall Bookbuild. The group said 28,206,762 new securities were offered at $8.60 per new share under the Shortfall Bookbuild conducted on yesterday. Lend Lease said this price represented a discount of 1.4% to the last traded price of the group’s shares and a premium of 90c or 11.7% to the Entitlement Offer price of $7.70 per new security. The group said this premium would be returned to renounced eligible institutional and retail shareholders and to ineligible shareholders on or about Friday, 9 April 2010.

Filed under:
Snippets Corner by egoli