Powered by
MOMENTUM
MEDIA
Blake Dawson has advised Prime Media on its capital raising, announced on 25 March, which intends to raise up to $110 million through the issue of shares to existing and new shareholders.The…
Blake Dawson has advised Prime Media on its capital raising, announced on 25 March, which intends to raise up to $110 million through the issue of shares to existing and new shareholders.
Prime's largest shareholder, Paul Ramsay Holdings Pty Limited, has already committed $25 million and Seven Network subsidiary Network Investment Holdings Pty Limited has committed to subscribe for as much as 14.9 per cent of Prime's expanded capital base for up to $25 million.
"It's a great outcome for Prime and the Seven Network in a difficult market," commented Blakes corporate partner Bill Koeck.
Mallesons Stephen Jaques acted for Macquarie Bank on the transaction.
2 min read •
3 min read •
1 min read •
2 min read •
Login
