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WORLEY LIMITED — Capital/Financing Update 2016
Feb 11, 2016
66073_rns_2016-02-11_e9609b25-20fe-45a1-9faa-3f2f230b361e.pdf
Capital/Financing Update
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Level 12, 141 Walker Street North Sydney NSW 2060 Australia Telephone: +61 2 8923 6866 Facsimile: +61 2 8923 6877 worleyparsons.com WorleyParsons Limited ABN 17 096 090 158
12 February 2016
ASX Release WORLEYPARSONS LIMITED (ASX: WOR)
No equity raising plans
The Australian newspaper published an article this morning concerning market speculation that WorleyParsons was considering an equity raising.
As announced at the Company’s 2015 Annual General Meeting on 27 October 2015, the Company continues to make the adjustments necessary to align the business to the market shifts while ensuring we have a sustainable business for the longer term.
As part of that alignment to the market shifts, the Company has been considering a range of options for deleveraging the balance sheet. As a result of the actions already underway and proposed, the available headroom to its borrowing covenants and available liquidity, the Company is not planning an equity raising.
The Company reports its Half Year 2016 results on 24 February 2016.
For further information, please contact:
Fran van Reyk Investor Relations & Group Market & Communications Ph: +61 2 8456 7256 [email protected]
www.worleyparsons.com
About WorleyParsons: WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services. We cover the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors. Our resources and energy are focused on responding to and meeting the needs of our customers over the long term and thereby creating value for our shareholders.
WorleyParsons is listed on the Australian Securities Exchange [ASX:WOR]