Jupiter Mines Limited (ASX: JMS) (“Jupiter” or the “Company”) has engaged Foster Stockbroking Pty Ltd to act as Co-Manager in respect of an Initial Public Offering of Jupiter shares to be listed on the Australian Securities Exchange (“ASX”) (the “IPO”). Hartleys has been engaged as Lead Manager and Aitken Murray Capital Partners has been engaged as Co-Manager (collectively, “the Managers”).
The IPO Issue Price is 40 cents per share.
The offer is via IPO of a minimum of 500 million existing fully paid ordinary shares for sale at 40 cents per share (“Shares”) for a minimum of A$200,000,000 (“the Offer”).
No new Shares will be issued under the Offer, instead certain shareholders of the Company (“Selling Shareholders”) are offering Shares for sale under the Offer via Jupiter SaleCo Pty Ltd (ACN 624 156 387) (“Jupiter SaleCo”) acting as sale agent.
The Company reserves the right to accept oversubscriptions, subject to the availability of Shares in excess of the minimum subscription from Jupiter SaleCo.
At IPO price, the Jupiter Market Capitalisation on listing will be ~A$780 million. For detailed information in relation to the Offer and Use of Proceeds you are directed to read the Pathfinder document.
