Shaw and Partners is pleased to be appointed as Joint Lead Manager, Joint Underwriter and Joint Bookrunner to the proposed capital raising by Paladin Energy Limited (ASX.PDN).

Paladin Energy is proposing to raise $218.7 million, via a placement and an accelerated pro-rata non-renounceable entitlement offer of up to approximately 591.0 million new ordinary fully paid shares at $0.37 per security. New shares issued under the Offer will rank pari passu with existing shares.

The Offer Price of $0.37 per security represents a 20.4% discount to last traded price of $0.465 and a 16.7% discount to the theoretical ex rights price (“TERP”) of A$0.444 and a 17.2% discount to the 5-day VWAP.

Paladin Energy is an ASX listed uranium company focussed on its 75% stake in the Langer Heinrich uranium mine in Namibia. Langer Heinrich is a globally significant, long-life operation, having already produced over 43Mlb U3O8 to date before operations were suspended in 2018 due to low uranium prices. The company also owns a large global portfolio of uranium exploration and development assets.

The offer is available to Australian Sophisticated and Professional Investors only.

For more information about the offer please get in touch with your Shaw and Partners adviser.