Last traded: $ 1.30
Sector: Industrials
Market cap: $1,556M
ACCUMULATE / MARKET PERFORM
Valuation: $1.55

Equity raising On 15 June 2009 Asciano Limited (AIO) announced it would undertake a $2b underwritten equity raising instead of selling part or all of its assets.

The actual offer price was $1.10 per stapled security for a $2b underwritten equity raising.

The raising comprises four parts:

 1-for-1 underwritten accelerated non-renounceable pro-rata entitlement offer to existing security holders to raise approximately $769m comprising $330m institutional component and a $439m retail component.

 $231m underwritten unconditional placement to professional and sophisticated investors.

 $1,000m underwritten conditional placement to professional and sophisticated investors.

 Up to an additional $151m through a non-underwritten conditional placement to Mark Rowsthorn — the release states that Rowsthorn intends to take up this offer to retain his 10.92% stake and

ABOUT ASCIANO

The company brings together the powerful combination of the Pacific National rail operations with the Patrick ports and stevedoring businesses to create a unique transport infrastructure company.

We own and operate a range of infrastructure assets including ports and rail across Australia.

Investor Fact Sheet

Year listed on ASX
2007

No. of Employees
8,000

ASX Code
AIO

Type of Securities
Stapled Securities

Revenue
$2.814.2 million*

EBITDA
$652.9 million*

EBITDA Margin
23.2%*

Key Operations
Owns and operates transport infrastructure assets
with a focus on ports and rail

CEO
Mark Rowsthorn

Head Office
Melbourne

*For the period 1 July 2007 to 30 June 2008

Asciano in $2bn share sale