19 Feb 2014

Clayton Utz advises Joint Lead Managers on Western Areas' A$88.5 million equity raising

Perth, 19 February 2014: Clayton Utz has advised Macquarie Capital (Australia) Limited and UBS AG, Australia Branch, as joint lead managers, bookrunners and underwriters in connection with the A$88.5 million placement by Perth based Western Areas Limited, announced to the market on 18 February 2014.

Perth Corporate Advisory/M&A partner Mark Paganin led the Clayton Utz team, which includes senior associates James Clyne and Liz Humphry.

The raising comprises a fully underwritten A$88.5 million institutional share placement to institutional and sophisticated investors, undertaken via institutional bookbuild with an underwritten floor price of A$3.00 per share. Western Areas' equity raising will also comprise a non-underwritten share purchase plan.

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Clayton Utz communications are intended to provide commentary and general information. They should not be relied upon as legal advice. Formal legal advice should be sought in particular transactions or on matters of interest arising from this communication. Persons listed may not be admitted in all States and Territories.