Colin Barnett

Colin Barnett

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    AlintaGas public offer closes tomorrow

    28/09/2000 1:32 PM
     
    28/9/00

    The AlintaGas public offer will close at 5pm tomorrow (Friday, September 29).

    Energy Minister Colin Barnett said today people wanting to become stapled security holders should ensure their applications and cheques were delivered by post or by hand to the share registry, Computershare, by tomorrow’s deadline.

    Mr Barnett said applications received after this time would not be processed.

    “AlintaGas stapled securities are due to list on the Australian Stock Exchange on Tuesday October 17 and the despatch of any refunds due to applicants is expected to commence on Monday October 23,” he said.

    “Early closure was expected after the strong support in the pre-registration process when 222,000 people expressed interest in buying the 66 million stapled securities offered to the public.”

    Mr Barnett said the AlintaGas retail offer comprised 66 million stapled securities to the public at an application price of $2.25 per security and an institutional offer of up to 22 million securities with an indicative price range of $2.10 to $2.40.

    He said the institutional offer was proceeding as scheduled with the result to be announced shortly before AlintaGas stapled securities listed on the Australian Stock Exchange on Tuesday October 17.

    Before the public offer, Utilicorp/United Energy paid $319.5 million (including stamp duty) for 72 million securities in AlintaGas, which represents $4.38 per security, for the position of cornerstone shareholder.

    The financial adviser to the State on the offer is Deutsche Bank AG. The joint lead managers to the public offer are Hartley Poynton, Macquarie Equity Capital Markets and Paterson Ord Minnett, with co-managers D J Carmichael, J B Were and CIBC World Markets.

    Media contact: Diana Callander 9222 9699