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Increase in Placement Size |
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07 December 2004 MCG announces that it has increased the size of the placement component of the offer by 15m shares from approximately 25m shares to approximately 40m shares. This is the maximum placement the company is currently permitted to make under ASX and ASIC relief. It includes the institutional component of the 1-for-1 entitlement offer in the calculation of placement capacity. MCG plans to use the additional proceeds for potential acquisition opportunities. This may or may not include acquiring an additional stake in ntl:Broadcast. Any acquisitions will be required to meet MCG's acquisition criteria. The other aspects of the transaction are unchanged including the revised DPU guidance for 2006 of 36 cents per security. For further information, please contact:
Richard Nelson
Media Enquiries |
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