Tabcorp has announced a fully underwritten pro rata accelerated renounceable entitlement offer of new Tabcorp share to raise $236m. The capital raising will fund a special dividend, and is intended to maintain the current balance sheet and capital position of Tabcorp. Eligible shareholders can subscribe for 1 New Share for every existing 12 Tabcorp ordinary shares. The record date is 7pm (Sydney time) on the 10th February 2015, and the offer price is $3.70 per New Share.

For further information on the Retail Entitlement Offer, please see https://www.tabcorp.com.au/news_media-releases_form.aspx?view=864&articleType=AustraliaNewZealand