Partnership with GO-TO and Equity Raising Presentation
Details of the Equity Raising
Equity Raising
structure
Fully underwritten institutional placement ("Placement") to raise A$85 million
17.5m shares to be issued under the Placement, representing 12.4% of existing shares on issue
Non-underwritten share purchase plan ("SPP") to raise approximately A$15 million
Placement price of A$4.85 New Share ("Placement Price"), represents a:
Placement pricing
8.7% discount to last closing price of A$5.31 per BWX share as at Thursday, 26 August 2021; and
SPP details
Use of proceeds
Other
STRICTLY CONFIDENTIAL
Eligible Shareholders on the register at 7pm (AEST) on Thursday 26 August 2021 in Australia and New Zealand will be invited to subscribe for up
to A$30,000 of new shares at the Placement Price, free of any brokerage or transaction costs
•
It is intended that the SPP be capped at $15 million¹
To principally fund the 50.1% acquisition of Go-To
New shares issued under the Placement and SPP will rank equally with existing shares on issue, including entitlement to any final dividend²
declared for the twelve month period ended 30 June 2021
Notes: 1. BWX may, in its absolute discretion, scale back SPP applications above the cap amount or apply a higher cap to the SPP and scale back applications over the higher cap. 2. Final dividend
subject to BWX Board approval.
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