ASX Announces $553 Million Entitlement Offer

11/06/2013

ASX Limited (ASX) today announced that it is undertaking a fully underwritten 2 for 19 pro rata accelerated renounceable entitlement offer (with retail entitlements trading) of new ASX ordinary shares to raise gross proceeds of approximately $553 million at a price of $30.00 per share.

ASX will use the proceeds from the Entitlement Offer to:

  • contribute $200 million additional equity to ASX Clear (Futures) – the clearing facility and central counterparty for all futures, options on futures and ASX listed CFDs;
  • replace the existing $250 million unsecured, non-recourse debt facility of ASX Clearing Corporation (a wholly owned subsidiary of ASX) with equity capital; and fund current and future growth initiatives and support other licensed subsidiaries of ASX.

Click here for full details.

ASX Investor Presentation (PDF 928KB)
ASX Cleansing Notice (PDF 522KB)
Appendix 3B (PDF 1,443KB)