Macquarie Group Limited announced today an institutional placement to raise $500m to fund the acquisition of the AWAS aircraft operating lease portfolio. The Placement will be conducted via bookbuild to institutional and professional investors. A share purchase plan (SPP) will be offered to eligible shareholders for up to $10,000 AUD per eligible shareholder, with the record date 3rd March 2015. The SPP will be priced at the lower of the issue price paid in the Placement ($73.50 per share), and a 1% discount to the 5 day VWAP immediately prior to the closing date.
SPP shares will be eligible for any final dividend with respect to the 31st March 2015 financial year.
For more details on the offer please see www.macquarie.com/au/about/newsroom/2015/share-purchase-plan