Mariner Bridge Investments Limited (ASX: MBR) announces that it has successfully raised a total of $38.9 million of ordinary equity via a placement to institutional shareholders at a price of $2.30 per share.
This price was at the top of the indicative bookbuild range.
The Company announced on Monday, 7 May 2007 that it was proposing an equity raising via a placement and a rights issue. The placement has two tranches – an institutional placement which has now been successfully closed and a conditional placement which is subject to shareholder approval at a meeting on 12 June 2007.
The prospectus detailing the non-renounceable 2 for 7 rights issue, which will allow eligible shareholders to increase their investment in MBR, is expected to be lodged with ASIC on 9 May 2007 and will be available on the Company’s website at <www.marinerbridge.com.au>. The prospectus is expected to be mailed to eligible shareholders on 22 May 2007.
Mariner Bridge Investments is a lender to and an investor in structured finance transactions in the core asset classes of property, fixed income, leasing and infrastructure. Its objective is to build a diversified portfolio of investments that delivers high returns to shareholders.
For further information, please contact:
Mark Phillips
Managing Director
Mariner Bridge Investments Limited
Tel: 61 2 8001 5705
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Karen McGregor
Chief Financial Officer
Mariner Bridge Investments Limited
Tel: 61 2 8001 5700 |
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