SHARE ISSUES

Original article by Peter Ker
The Australian Financial Review – Page: 16 : 5-Mar-25

Rio Tinto CEO Jakob Stausholm recently indicated that the resources group is seriously considering a share placement in Australia. This would boost liquidity and help to reduce an imbalance whereby the London Stock Exchange accounts for about 77 per cent of the dual-listed company’ shares. However, Rio Tinto executives who met with Australian investors last week encountered strong resistance to any share issue. Wilson Asset Management portfolio manager Matt Haupt contended that Rio Tinto should instead opt for a bond issuance if it needs more cash.

CORPORATES
RIO TINTO LIMITED – ASX RIO, WILSON ASSET MANAGEMENT

Original article by Eli Greenblat
The Australian – Page: 20 : 11-Sep-18

Bega Cheese announced plans for a $200 million share placement and associated share purchase plan on 10 September. The announcement prompted speculation that it would be using the money raised to launch a counter bid for Capilano Honey, in which it holds a 8.4 per cent stake and which is currently the subject of a $20.06 per share takeover bid from private equity groups Wattle Hill and ROC Partners. Bega executive chairman Barry Irvin claims the money will be used to strengthen its balance sheet and reduce its debt levels, and that it had not made any decisions about Capilano.

CORPORATES
BEGA CHEESE LIMITED – ASX BGA, CAPILANO HONEY LIMITED – ASX CZZ, WATTLE HILL, ROC PARTNERS PTY LTD, SAPUTO INCORPORATED, MONDELEZ AUSTRALIA (FOODS) LIMITED