Shaw and Partners appointed Joint Lead Manager to the Managed Accounts Holdings Limited capital raising News31 Oct 2017

Shaw and Partners has been appointed Joint Lead Manager alongside Evans and Partners for a capital raising by Managed Accounts Holdings Limited. 

 

The company is seeking to raise approximately $34.0m via a conditional placement of up to approximately 121.4m shares to be issued at $0.28 per share.

 

The offer price of $0.28 per new share represents a 12.5% discount to the last trade price of $0.32 on Monday, 30 October 2017 and a 9.2% discount to 30 day VWAP of $0.3082. 

 

Managed Accounts Holdings Limited is seeking to acquire Linear for an enterprise value of $42.5 million. This comprises:

  • minimum $14.0 million of MGP scrip to be issued at $0.33 per share to current Linear shareholders;
  • maximum $8.0 million of cash consideration to shareholders; and
  • $20.5 million to settle third party liabilities.

 

THE OFFER IS OPEN TO AUSTRALIAN RESIDENT SOPHISTICATED AND PROFESSIONAL INVESTORS ONLY

 

For more information please contact your nearest Shaw and Partners office.

 

About Managed Accounts Holdings Limited

Managed Accounts Holdings Limited (MGP) is a licensed operator of Managed Discretionary Accounts (MDA) services. MGP provides investment administration and associated services for financial advisers, investment managers and dealer groups with both wholesale and retail client bases. It is the holder of an AFSL license with an endorsement to operate Managed Discretionary Accounts. It is also engaged in the development of operating processes (IP) to support managed accounts. Managed Accounts Holdings Limited is headquartered in Sydney, Australia. www.brainchipinc.com

Related Articles
News09 Jun 2025 Celebrating 10 Years of Shaw and Partners in Adelaide
Ten years ago, on Thursday 11 June 2015, Shaw and Partners Financial Services proudly opened the doors to a modest office in Adelaide with a clear ambition—to build a strong presen... Read More
News04 Jun 2025 Shaw and Partners strengthens surf sports partnership with shake up of 2025 Shaw and Partners Coolangatta Gold
After celebrating its 40th anniversary last summer, the Shaw and Partners Coolangatta Gold is set for a major shakeup in 2025.   Coolangatta Beach will once again host the Shaw a... Read More
News14 May 2025 THINK YOU KNOW GOLD? Shaw and Partners Gold Price Prediction Competition
THINK YOU KNOW GOLD? Here's your chance to win a Shaw and Partners hamper!  The Shaw and Partners Gold Price Prediction Competition is closing soon. Launched in the June Quarter ... Read More
News13 May 2025 Shaw and Partners continues to attract some of Australia’s most respected investment advisers.
Shaw and Partners Queensland State Manager Glen Gannon has welcomed Dwight Phillips, Tim Harbort and Craig Clark to the Brisbane office, a high-performing team with more than 50 ye... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%