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Showing 11 - 20 of 46 results for "Share Purchase Plan"

WAM makes proposition plans public

ALLY SELBY  |  WEDNESDAY, 19 AUG 2020
... 31, the fund had $78.71 million in assets under management. In addition to the strategy shift, CIE opened a share purchase plan to retail investors in the hopes of raising $20 million. The shares were offered at 62.5 cents per share. WAM chair and chief ...

Contango dumps investment strategy, opens raise

ANNABELLE DICKSON  |  THURSDAY, 13 AUG 2020
... emerging markets equities strategy managed by US-based WCM Investment Management. In addition, CIE has opened a share purchase plan in the hopes of raising $20 million. Shareholders can acquire up to $30,000 of shares at 62.5 cents per share. CIE has ...

Perpetual opens retail raise

ANNABELLE DICKSON  |  TUESDAY, 4 AUG 2020
Perpetual has opened its share purchase plan to retail shareholders in an attempt to raise $40 million to fund the acquisition of US manager Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley). Eligible shareholders are able to purchase up to $30,000 ...

Capital raising relief measures extended

ALLY SELBY  |  FRIDAY, 10 JUL 2020
... conditional on entities making a pro-rata entitlement offer or a follow-on offer to retail investors under a share purchase plan at a discount to the placement price. The extension would allow listed entities impacted by the COVID-19 pandemic further ...

Capital raisings top $27bn, dividends down $10bn

ELIZA BAVIN  |  TUESDAY, 23 JUN 2020
New research from Ord Minnet reveals capital raisings topped $27 billion as at June 22, while dividends have been slashed by $10 billion. Ord Minnett said among the three categories of capital management initiatives, capital raisings include share placements ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
... representing 9% of its current prescribed capital. The placement closes at 4:30pm today and will be followed by a share purchase plan of about $30 million. Challenger's Japanese shareholder MS&AD is not participating in the offer, but are supportive ...

Iress opens retail capital raise

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... would also help partly fund the acquisition of OneVue, Iress said. Iress hopes to raise $20 million from the share purchase plan, however, depending on the level of demand for the raise, the firm said it has the option to either scale back or raise an ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... $3 billion fully underwritten share placement at the fixed price of $14.15 per share and a non-underwritten share purchase plan of about $500 million. The SPP shares will be the lower of the $14.15 per share placement price and the volume weighted average ...

ASX ups capital raise capacity

ELIZA BAVIN  |  FRIDAY, 24 APR 2020
... conditional on entities either doing a follow-on accelerated pro rata entitlement offer or a placement followed by a share purchase plan (SPP) offer at the same or a lower price than the placement. "This is so that retail shareholders get to participate ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
Westpac has opened the exit door for share purchase plan investors caught unaware by AUSTRAC's action against the bank. Following discussions with corporate regulator ASIC, Westpac has opted to provide a withdrawal option for applicants to its share ...