$336m Raised Through Institutional Entitlement Offer

4 September 2008

Approximately $336 million raised through Institutional Entitlement Offer

7 new shares offered for every existing 10 shares as at the record date

Approximately 224 million shares issued at $1.50 each

Institutional Entitlement Offer was strongly supported by existing shareholders as well as a number of new shareholders

Retail Entitlement Offer opens today, seeking to raise up to an additional $91 million

"The success of the entitlement offer indicates the strong support existing and new investors have in the Board’s long term strategic direction."
John Gay, Executive Chairman, Gunns Ltd

Documentation

ASX RELEASE - Gunns Raises $336 Million Through Institutional Entitlement Offer.pdf (44 kB)