Australia: Clayton Utz advises Joint Lead Managers on Western Areas Limited's A$60m equity raising
Last Updated: 5 April 2016

Perth, 31 March 2016: Clayton Utz has advised Macquarie Capital (Australia) Limited and Morgan Stanley Australia Securities Limited, as joint lead managers, bookrunners and underwriters in connection with the A$60 million placement by ASX-listed Perth based Western Areas Limited, announced to the market on 31 March 2016.

Perth Corporate Advisory/M&A partner Mark Paganin and special counsel James Clyne led the Clayton Utz team, which included lawyer Matt Bourke.

The raising comprises a fully underwritten A$60 million institutional share placement to institutional and sophisticated investors, undertaken via institutional bookbuild with an underwritten floor price of A$1.95 per share. Western Areas' equity raising will also comprise a non-underwritten A$10 million share purchase plan.

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