BARRENJOEY VALUED AT A$1,616 MILLION; CONSIDERATION A$903 MILLION
PLACEMENT SEEKING TO RAISE UP TO A$130 MILLION
INTENDS TO FUND AN INITIAL INCREASED ECONOMIC INTEREST IN BARRENJOEY THROUGH A NON-UNDERWRITTEN INSTITUTIONAL PLACEMENT
WILL ACQUIRE ALL REMAINING ISSUED CAPITAL IT DOES NOT OWN IN BARRENJOEY AT TIME OF COMPLETION OF MERGER
ACQUIRE AN INCREMENTAL 10% ECONOMIC INTEREST IN BARRENJOEY FROM BARCLAYS FOR A$148.9 MILLION
INCREASED ECONOMIC INTEREST PROPOSED TO BE FUNDED VIA NON-UNDERWRITTEN PLACEMENT, SPP AT A$8.45 PER CO SHARE
Further company coverage: MFG.AX
((Reuters.Briefs@thomsonreuters.com;))
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