Harvey Norman Looking To Raise $120.7 Million

X

Harvey Norman is embarking on capital raising of approximately $120.7 million, with the proceeds to be used to fund the payment of a special dividend to shareholders.The retailer today announced an entitlement offer for eligible shareholders to subscribe for one new share for every 22 existing shares at an offer price of $2.50 per new share.

Harvey Norman’s closing price yesterday was $3.71.

The proceeds will assist the retailer to “achieve its capital management objectives”, and will specifically be used to fund the payment of a special fully franked dividend to shareholders of $0.14 per share.

The new shares will not be entitled to the dividend, with Harvey Norman stating the dividend is anticipated to be paid on 30 December 2014.

The offer is fully underwritten by Patersons Securities, with Patersons also entering into a sub-underwriting arrangement with chairman Gerry Harvey in respect of the offer.

Each director of Harvey Norman has indicated they will take up their full entitlement under the offer, Harvey Norman advised.

728x90 Harvey Norman Looking To Raise $120.7 Million
728 x 90 Harvey Norman Looking To Raise $120.7 Million
Flick of a switch 728x90 1 Harvey Norman Looking To Raise $120.7 Million
GOTHAM 728px x 90px Harvey Norman Looking To Raise $120.7 Million
ChannelNews AZ100 728x90 Harvey Norman Looking To Raise $120.7 Million
BlueAnt 4SQM PumpAirUltra 728x90px Harvey Norman Looking To Raise $120.7 Million
hitachi banner 728x90 Harvey Norman Looking To Raise $120.7 Million
241211 SAV Ruark CNewsJan Leader Harvey Norman Looking To Raise $120.7 Million
Px7 S3 728x90 1 Harvey Norman Looking To Raise $120.7 Million
HAIER Series 600 FLW HPD Pairs 728x90 1 Harvey Norman Looking To Raise $120.7 Million
BEL2535 BPB024 4SQ Banners 728x90 Harvey Norman Looking To Raise $120.7 Million
Hisense KV BannerAd 728 90 Harvey Norman Looking To Raise $120.7 Million
ELX DIG Crosscat Promo 728x90 Mar25 Harvey Norman Looking To Raise $120.7 Million
AU X8 Banner 728x90 Harvey Norman Looking To Raise $120.7 Million
Skullcandy 728x90 1 Harvey Norman Looking To Raise $120.7 Million
FA 979 HN MDF SG14 14gen 728x90 1 Harvey Norman Looking To Raise $120.7 Million
728X90 1 Harvey Norman Looking To Raise $120.7 Million
Marshall 728x90 1 Harvey Norman Looking To Raise $120.7 Million
728x90 Harvey Norman Looking To Raise $120.7 Million
728x90 Harvey Norman Looking To Raise $120.7 Million
JBL TourPro3 728x90 Harvey Norman Looking To Raise $120.7 Million
Arlo EOFY25 728x90 Harvey Norman Looking To Raise $120.7 Million
MaxRanger4K Leaderboard 728x90 Harvey Norman Looking To Raise $120.7 Million
Uniden Channelnews SoloX July 2024 728x90 1 Harvey Norman Looking To Raise $120.7 Million
Westan 728x90px Harvey Norman Looking To Raise $120.7 Million


YOU MAY ALSO LIKE