Transurban successfully completes entitlement offer

Company News

by Rachael Jones

Transurban (ASX:TCL) has announced the completion of the retail component of its fully underwritten pro-rata accelerated renounceable 10 for 57 entitlement offer.

The Retail Entitlement Offer has raised gross proceeds of approximately $1.2 million from the issue of approximately 113.2 million new securities at an issue price of $10.80 per new security.

This represents the final stage of Transurban’s $4.2 billion entitlement offer announced last month.

Transurban Chairman, Lindsay Maxsted says they now look forward to financial close of the WestConnex acquisition.

Shares in Transurban (ASX:TCL) are down 0.27 per cent to $11.10
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.