Beach Energy Ltd (ASX:BPT): announcements explained, share price and valuation

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

13 Apr 2006capital raising announcement▲ GoodMajor

About 57 million of 80 million 60c options were exercised, raising over A$38m for Beach; shares on issue rise to 508.5m. About 23m 60c options remain to 30 June, plus 50m new $1.00 bonus options. Full conversion would add $64m by 30 Sept.

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