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L1 GROUP LIMITED — Capital/Financing Update 2017
May 10, 2017
65211_rns_2017-05-10_53eee16f-8d90-42f3-ab30-d17822caa699.pdf
Capital/Financing Update
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11 May 2017
The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000
By e-Lodgement
Platinum Investment Management Limited intends to sell shares in PAI and exercise an equivalent number of options
Please refer attached announcement from Platinum Asia Investments Limited (ASX: PAI).
J Jefferies Company Secretary
Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia | GPO Box 2724, Sydney NSW 2001 Telephone 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 5590 | Email [email protected] | Website www.platinum.com.au Platinum Investment Management Limited ABN 25 063 565 006 AFSL 221935 trading as Platinum Asset Management[® ]
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11 May 2017
The Manager ASX Market Announcements Australian Securities Exchange Limited Sydney NSW 2000
By e-Lodgement
Platinum Investment Management Limited intends to sell shares in PAI and exercise an equivalent number of options
Platinum Asia Investments Limited (PAI) advises that its investment manager and cornerstone investor, Platinum Investment Management Limited (PIML) has confirmed that it has entered into an agreement with Taylor Collison Limited to arrange for a book build for the sale of up to 30 million of PIML’s ordinary shares in PAI at a price of $1.00 per share. Upon the execution of the resultant sale block trade for PIML, PIML then intends to exercise an equivalent number of PAI options at the exercise price of $1.00. In this way, PIML’s cornerstone investment of 50m shares in PAI will be maintained.
For enquiries related to the book build, please contact Mr Hamish Nairn at Taylor Collison Limited (Phone 08 8217 3908).
The PAI board would like to remind remaining option holders that their opportunity to exercise will expire shortly, on 15 May 2017.
J Jefferies Company Secretary
Level 8, 7 Macquarie Place, Sydney NSW 2000, Australia | GPO Box 2724, Sydney NSW 2001 Telephone 61 2 9255 7500 | Investor Services 1300 726 700 | Facsimile 61 2 9254 5555 | Email [email protected] | Website www.platinumasia.com.au Platinum Asia Investments Limited ABN 13 606 647 358