Ori­gin funds

Townsville Bulletin - - Investor -

ORI­GIN En­ergy Ltd has raised about $ 1.13 bil­lion from the in­sti­tu­tional com­po­nent of its $ 2.3 bil­lion equity rais­ing, with 95 per cent of el­i­gi­ble in­vestors tak­ing up their en­ti­tle­ment.

The re­tail com­po­nent of the of­fer is ex­pected to raise about $ 1.17 bil­lion and will open on March 21 and is slated to close on April 13.

Both com­po­nents of the one-for-five of­fer are priced at $ 13 per new share, a dis­count to Ori­gin’s clos­ing price on Mon­day of $ 15.66.

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