AXA Asia Pacific Holdings Limited (AXA) today announced that it will raise a minimum of A$660 million by:
- A fully underwritten institutional placement of 175.4 million ordinary shares at $2.85 per share to raise A$500 million (Placement),
- An offer to eligible shareholders of up to A$10,000 of shares through a Share Purchase Plan (SPP). AXA APH reserves the right to scale back applications under the SPP if total demand exceeds A$185 million. The SPP has been underwritten to a minimum raising size of A$75 million; and
- A Top-Up Offer to a small number of eligible shareholders who would otherwise be diluted by the Placement and SPP (Top-Up Offer).
Further details of the SPP and Top-Up Offer will be provided to eligible shareholders shortly.
http://www.axaasiapacific.com.au/axaaph/axaaph.nsf/Content/Home
