WorleyParsons (WOR) Entitlement Offer

WorleyParsons (WOR) Entitlement Offer

Oct 24, 2018 admin Australian economy, Equity, Investment Opps, SMSF 0 Comment

WorleyParsons Limited has completed the institutional component of its 1 for 1.47 accelerated non-renounceable pro-rata entitlement offer announced on Monday, 22 October 2018. The Entitlement Offer is being undertaken to part fund the acquisition of Jacobs Engineering Group Inc.’s Energy, Chemicals and Resources division.

The Institutional Entitlement Offer raised the full amount being approximately $1.8 billion at $15.56 per share. 

The Retail Entitlement Offer will open on Monday 29 October 2018, and close at 5.00pm (AEDT) on Wednesday 7 November 2018.

Eligible retail shareholders on the Record Date of 7.00pm (AEDT) on Wednesday 24 October 2018 have the opportunity to invest at the Offer Price. The terms and conditions under which eligible retail shareholders may apply are outlined in the Retail Entitlement Offer Booklet, which will be despatched to eligible retail shareholders on Monday 29 October 2018.

Copies of the retail offer booklet will be available on the ASX website from Monday 29 October 2018.

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