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Showing 1 - 8 of 8 results for "Gross proceeds"

Iress reports $137m loss in 'challenging year'

ANDREW MCKEAN  |  WEDNESDAY, 21 FEB 2024
... repatriation through asset sales and debt retirement. Notably, the sale of MFA in October generated $50.5 million in gross proceeds and the sale of the Platform business is on course for completion by April 30. Additionally, Iress has initiated the divestment ...

Class action legislation open for consultation

ANNABELLE DICKSON  |  FRIDAY, 1 OCT 2021
... presumption that a return to the general members of a class action litigation funding scheme of less than 70% of their gross proceeds is not fair and reasonable," Treasurer Josh Frydenberg said. Finally, the draft legislation would also require plaintiffs ...

eToro combines with SPAC, plans to list

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... reflecting an implied enterprise value for eToro of approximately $9.6 billion. The transaction includes $250 million in gross proceeds from FTCV's cash in trust (assuming no redemptions) and $650 million in gross proceeds from a fully committed private ...

ASX to sell IRESS investment

KANIKA SOOD  |  TUESDAY, 26 FEB 2019
... underwritten the sale at $11.95 per share. This will mean that the ASX's 18.6% share of IRESS is expected to realise gross proceeds of $385 million. UBS is also acting as the sole lead manager and the bookrunner for the sale. The transaction will generate ...

Industry fund wins stake in Endeavour Energy

EMMA RAPAPORT  |  FRIDAY, 12 MAY 2017
... distributor) and Capistrano Wind in the United States. The transaction delivered $7.624 billion to the NSW government in gross proceeds, which Premier Gladys Berejiklian says will be used to under the $20 billion Rebuilding NSW Infrastructure program. ...

NAB confirms final pricing for Great Western IPO

MARK SMITH  |  THURSDAY, 16 OCT 2014
... The offer comprises 16 million shares or 27.6% of GWB's outstanding common stock at a price of US$18 per share. Gross proceeds realised by NAB will be US$288 million. As announced on 29 August 2014, NAB plans to sell all of its ownership of GWB over ...

GS, Citi appointed for NSW elec, coal mine sales

MELANIE TIMBRELL  |  MONDAY, 9 JUL 2012
... achieve the best possible outcome for the people of NSW," he said. The electricity asset sale is expected to generate gross proceeds of around $3bn, while the avoided ongoing operation and maintenance costs are expected to save $850 million. Treasury ...

Future Fund offloads Telstra shares

COMPANY RELEASE  |  FRIDAY, 21 AUG 2009
... per cent of its Telstra holdings to institutional investors. The Future Fund sold the shares at a price of $3.47 (gross proceeds $2.37 billion) through an underwritten sale to the investors. According to a media statement, the sell-down is in line with ...
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