Shaw and Partners appointed Lead Manager to $16.9m RXP Services Limited raising News01 Aug 2017

Shaw and Partners has been appointed Lead Manager to $16.9m RXP Services Limited capital raising.

 

The placement of up to approximately 21.0 million new ordinary fully paid shares to raise approximately $16.9 million is offered to existing and new institutional and sophisticated investors. 

New placement Securities will be issued within RXP’s existing placement capacity in accordance with ASX Listing Rule 7.1.

 

RXP has entered into an agreement to acquire The Works, an independent Sydney based brand management and digital communications agency. The Works was founded in 2002 and employs approximately 61 staff. The Works is expected to achieve revenue of $14.6m and EBITDA of $3.125m in FY2017. The funds raised from the placement will be used for the initial payment required for the acquisition of The Works.

 

RXP is an information and communications technology (ICT) consulting services company providing professional services to S&P 200 corporations and government bodies in Australia and in Asia. RXP’s clients operate across various industries including banking and finance, retail, FMCG, transport, media and entertainment, telecommunications, engineering and construction, airline and health.

 

THE OFFER IS AVAILABLE TO AUSTRALIAN RESIDENT SOPHISTICATED OR PROFESSIONAL INVESTORS ONLY.

Related Articles
News17 Oct 2017 Shaw and Partners appointed Co-Manager to the Blue Sky Alternatives Access Fund capital raising
Blue Sky Alternatives Access Fund Limited (ASX:BAF) today announced that it will raise up to approximately $48.9 million through a 1 for 4 non-renounceable entitlement offer of ful... Read More
News11 Oct 2017 2017 Melbourne Client Event
On Wednesday 11 October 2017 the Shaw and Partners Melbourne office hosted their second annual Client Appreciation Event at Fox Classic Car Collection.    Over 350 Shaw and Partn... Read More
News08 Oct 2017 Shaw team take home the Coolangatta Gold Men's Open
This weekend Shaw and Partners sponsored the winning team in the Open Men’s division at the Coolangatta Gold.   The race is a gruelling one, involving a 41.8km distance that cove... Read More
News04 Oct 2017 Centuria Capital set to launch capital raising
Centuria Capital is set to launch a $60 million capital raising, as foreshadowed by Street Talk on Tuesday.   The deal has been structured as a 1-for-4.9 rights issue and priced ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%