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WAM ACTIVE LIMITED — Capital/Financing Update 2018
Jun 17, 2018
66032_rns_2018-06-17_2725a2d0-f353-4042-973e-e2f3376310c5.pdf
Capital/Financing Update
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Record WAM Global IPO closes oversubscribed
18 June 2018 ASX announcement & media release
The WAM Global Limited (ASX: WGB) Board of Directors has authorised the allotment of shares following the Company’s oversubscribed $466 million initial public offering (IPO), the largest capital raising undertaken by Wilson Asset Management.
Wilson Asset Management and WAM Global Chairman Geoff Wilson AO said strong demand from existing investors led to the offer exceeding the $330 million target.
“We are pleased the WAM Global IPO has raised $466 million, a record capital raising for Wilson Asset Management,” Mr Wilson said.
“The IPO attracted 12,855 investors, more than 8,000 were existing shareholders of Wilson Asset Management listed investment companies and the priority allocation was oversubscribed. All investors who correctly applied and paid for shares will receive their full allocation.
“We look forward to providing WAM Global shareholders with exposure to a high-quality portfolio of undervalued international growth companies using our proven investment process, which has delivered solid risk-adjusted returns for more than 20 years,” Mr Wilson said.
About WAM Global
WAM Global’s investment objectives are to provide capital growth over the medium-to-long term, deliver a stream of fully franked dividends and preserve capital while providing shareholders with exposure to global equities. WAM Global will focus on undervalued international growth companies with a bias to small-tomedium sized entities, utilise an index unaware investment methodology and preserve shareholders’ capital.
About Wilson Asset Management
Wilson Asset Management has a 20-year track record of making a difference for shareholders and the community. As the investment manager for seven leading listed investment companies; WAM Capital (ASX: WAM), WAM Leaders (ASX: WLE), WAM Global (ASX: WGB), WAM Microcap (ASX: WMI), WAM Research (ASX: WAX), WAM Active (ASX: WAA) and Century Australia (ASX: CYA), Wilson Asset Management invests over $3 billion on behalf of more than 60,000 retail investors. Wilson Asset Management is the creator and lead supporter of Future Generation Investment Company and Future Generation Global Investment Company.
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For more information visit www.wilsonassetmanagement.com.au or contact:
Geoff Wilson AO
Kate Thorley
Chris Stott
Catriona Burns CFA James McNamara
Chairman & Chief Executive Officer Chief Investment Officer WAM Global Lead Head of Corporate Affairs Portfolio Manager (02) 9247 6755 & Portfolio Manager Portfolio Manager (02) 9247 4902 (02) 9247 6755 0405 115 644 (02) 9258 4906 (02) 9247 6755 0416 734 080
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[email protected] Level 11, 139 Macquarie Street Sydney NSW 2000 Australia
wilsonassetmanagement.com.au Telephone. + 61 2 9247 6755 Fax. +61 2 9247 6855
ABN 89 081 047 118