AI assistant
CVC LIMITED Capital/Financing Update 2005
64728_rns_2005-03-21_52910811-8d68-496c-a48d-609f71b195d7.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
See CVC Limited
FACSIMILE
| T 0 : | Manager Company Announcements Office | ||
|---|---|---|---|
| COMPANY: | ASX | ||
| FAX NUMBER: | 1900 999 279 | NUMBER OF PAGES: | 2 |
| FROM: | Sandy Beard | ||
| DATE: | 22 March 2005 | ||
| SUBJECT: | ASX Announcervent | ||
Dear Sir / Madam
Please find attached a copy announcement from CVC Limited. Kind regards
| CVC Limited | Level 42, AAP Dentre | 1 T 02 9087 8000 |
|---|---|---|
| ABN 34 002 700 361 259 George Street | F0290878088 | |
| AFSL 239665 | Sydney NSW 2000 | www.cvcltd.com.au |
22 March 2005
Company Announcements Office Australian Stock Exchange Limited 10th Floor, 20 Bond Street SYDNEY NSW 2000
Via fax: 1900 999 279
ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE
Dear Sir/Madam,
RE: PRO-PAC PACKAGING LIMITED
The Directors of CVC Limited are pleased to announce that Pro-Pac Packaging Limited (PPPL) lodged a prospectus for an initial public offering (IPO) of \$11.95 million at 4.30pm yesterday, 21 March 2005. Pursuant to the IPO, PPPL will acquire 100% of the shares of Pro-Pac Group Limited, a company in which CVC Limited has a 49.04% interest. The purchase consideration will be a combination of cash and shares in PPPL. On completion of the IPO, CVC Limited will hold approximately 15.75% of the total issued capital of PPPL.
The offer is fully underwritten by Commonwealth Securities Limited (CommSec). The prospectus is available on PPPL's wishsite, www.pro-pac.com.au and contains full details of the IPO.
Yours faithfully,
SANDY BEARD Chief Executive Officer
Level 42, AAP Centre 259 George Street Sydney NSW 2000
T 02 9087 8000 F 02 9087 8088 www.cvcltd.com.au