Origin Energy Limited
(ASX:ORG) has announced the successful completion of the retail component of its renounceable entitlement offer, marking the second stage of Origin’s $2.5 billion equity raising.
Origin’s retail shareholders took up 66 percent of the new shares available to them as part of a four-for-seven entitlement offer, raising $791 million.
The 101 million new shares not taken will be offered under the retail shortfall bookbuild today.
Shares in Origin Energy are currently in a trading halt at the request of the company.
Origin Energy recorded a net loss of 590 million at 30 June 2015.
