ASX Announcements
| 15 July 2008 |
Photon Successfully Raises $76.6 Million |
Photon Group Limited (ASX Code: PGA) announced today that it had raised $76.6 million through the issue of 25.53 million shares at $3.00 per share following the completion of its rights issue announced on 4 June 2008. Mr Tim Hughes, Executive Chairman said "The funds raised from this rights issue put the company in a strong financial position. We will pay down debt with the net proceeds and continue to have undrawn long term credit facilities which can be drawn to pursue opportunities that either bolt onto existing operations or stand-alone acquisitions that will be earnings accretive and enhance the value of the overall group. Photon intends to maintain prudent leverage ratios while continuing its commitment to its dividend payout policy."...  |
| 04 June 2008 |
Photon Group Underwritten Rights Issue and Extension to Debt Facilities |
| Photon Group Limited (ASX:PGA) has today lodged documents with the ASX for its shareholders to participate in an underwritten non-renounceable rights issue. Under the offer, existing eligible Photon shareholders will have the opportunity to subscribe for one new share for each three shares held on the record date (13 June 2008) at a price of $3.00 per new share. The offer is expected to raise approximately $76.6 million. The offer is fully underwritten by UBS and Southern Cross Equities. The RG Capital group of companies, Matthew Bailey and members of his family, together with Tim Hughes have provided commitments to take up their share of entitlements which represent 40.35% of the offer. The proceeds from the offer will enable Photon to reduce the balance due under its debt facilities and allow it to continue to pursue opportunities to acquire high quality businesses whilst maintaining prudent leverage ratios.... |
| 04 June 2008 |
Notice Under Section 708AA |
| 04 June 2008 |
Rights Issue Investor Presentation |
| 04 June 2008 |
Rights Issue Offer Document |
| 26 February 2008 |
2008 Interim Results Announcement and Presentation |
| 26 February 2008 |
2008 Interim Financial Report |
| 05 February 2008 |
Photon Group Acquires Naked Communications |
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