Link Administration Holdings Limited (LNK), a leading administrator of financial ownership data, today announces an equity raising comprising a A$300 million fully underwritten institutional placement and a non-underwritten share purchase plan. Rationale and use of proceeds Link Group has a strong track record of identifying, completing and integrating acquisitions as part of its growth strategy, having successfully completed over 40 business combinations over the last 15 years. Link Group's two most recent large scale acquisitions, Capita Asset Services (since renamed Link Asset Services, LAS) and Superpartners, are both on track to deliver material benefits.

The Placement to raise A$300 million has been fully underwritten at a fixed price of A$8.50 per share, which represents a 2.4% discount to the last closing price of A$8.71 on 17 April 2018. New shares to be issued under the Placement will rank equally with existing fully paid ordinary shares of Link Group, except that they will not be entitled to participate in the SPP.

Following completion of the Placement, Link Group will also offer eligible shareholders in Australia and New Zealand the right to participate in the SPP. If 30% of non-institutional investors participate fully in the SPP, Link Group will raise approximately A$40 million. Link Group reserves the right to increase the size of the SPP offer or scale back applications under the SPP at its absolute discretion. The issue price under the SPP will be $8.50 per share, which is equal to the issue price under the Placement. New shares issued under the SPP will rank equally with existing ordinary shares in Link Group. Full details of the SPP will be set out in the SPP Offer Booklet, which will be lodged with ASX and sent to eligible shareholders in due course.