ASX

ASX Limited has announced a $553m 2-for-19 renounceable entitlements offer (aka a ‘rights issue’) to fund increases to the regulatory capital of its clearing businesses, in line with emerging new international capital standards. The price for the new shares will be $30, but the rights to subscribe for them can be sold on the market (by shareholders or by the company on their behalf), so shareholders won’t lose out if they don’t take up the offer. The stock has entered a trading halt while the institutional portion of the offer is conducted, and they’ll start trading again on Friday...

ASX Limited has announced a $553m 2-for-19 renounceable entitlements offer (aka a ‘rights issue’) to fund increases to the regulatory capital of its clearing businesses, in line with emerging new international capital standards.

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