find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Plastic pallet manufacturer goes public

Plastic pallet manufacturer goes public

Anton Harris, Ashurst

A global firm advised Range International Limited on its ASX listing and $50 million initial public offering.

Firms: Ashurst (Range International Limited)

Deal: Range International Limited completed its IPO and launched on the ASX

Value: $50 million

Area: IPO

Key players: The Ashurst team was led by corporate partners Anton Harris (pictured) and Bruce Macdonald, with assistance from employment partner Jennie Mansfield.

Deal significance: Plastic pallet manufacturer Range International Limited (RAN) made an initial public offering of 50 million shares in the company to raise $50 million based on the offer price of $1.00.

The company listed on ASX on 21 July 2016 with a market capitalisation of $150 million. Trading of shares in the company commenced on 22 July 2016.

This matter required the migration of the company from the Commonwealth of Dominica to Australia and a share exchange with a Singaporean subsidiary.

RAN has developed the ThermoFusionTM technology that allows it to make plastic pallet from 100 per cent recycled mixed plastic waste.

The IPO and related ASX listing represents an opportunity for RAN to scale up its operations and begin production on a commercial scale.

New shareholders hold approximately 33.34 per cent of the shares in the company upon completion of the offer, with existing shareholders retaining 66.66 per cent of shares.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Plastic pallet manufacturer goes public
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, ALA, right-to-die law
06:04
‘Right-to-die’ laws would be a relief for terminally ill: ALA
The passage of an assisted dying bill through the lower house of Victorian Parliament has been haile...
Diversity
06:00
Diversity top of agenda for future WA Law Society president
The advancement of diversity in the Western Australian legal profession will be one of the key items...
Jetski
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...