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SEEK LIMITED — Capital/Financing Update 2012
Jun 12, 2012
65765_rns_2012-06-12_73417866-843a-4f1e-a774-e6031cb8dc3a.pdf
Capital/Financing Update
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ASX Announcement
13 June 2012
Update on Subordinated Notes Offer
SEEK advises that it will not proceed with the issue of Subordinated Notes announced to the market on 4 June 2012.
SEEK was not satisfied that it would achieve acceptable terms at this point in time and believes it is not in the best interests of shareholders to proceed.
As noted by the company at the time of the offer, SEEK is strongly capitalized and funded given its existing bank facilities (which remain in place until December 2013), cash held on its balance sheet and the continuing strong cash flow generated by its wholly owned businesses and investments.
For further information please contact:
Investors / Analysts John Armstrong SEEK Limited SEEK Limited (03) 8517 4142