(ELD:Australian Stock Exchange Ltd)
Transactions by ELDERS LTD (ELD) in the last 6 months
Elders Limited (ASX:ELD) announced a private placement of 68,251,999 shares at a price of AUD 0.15 per share for gross proceeds of AUD 10,237,799.85 on September 15, 2014. The securities will be issued to institutional and sophisticated investors. The transaction is expected to close on September 18, 2014.
DP World Australia Limited agreed to acquire 50% stake in AWH Pty Ltd from Elders Limited (ASX:ELD) for approximately AUD 32 million on September 5, 2014. The purchase price will be paid by DP World Australia once all post completion steps have occurred and required approvals have been obtained. The proceeds of sale will then be used to retire term debt. Robert Nicholson of Herbert Smith Freehills acted as legal advisor for Elders Limited.
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