Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2017capital raising announcement● Neutral
Sentient Group sold its entire 13.0% Senex stake at $0.34 per share in a $64m institutional bookbuild placed by Morgans. This is a sale between shareholders, not new capital for Senex, and boosts liquidity as Sentient exits.
17 Mar 2017capital raising announcement▲ Good
FIRB approval has been secured for the final tranche of about 50 million shares of EIG's 146 million placed. EIG will hold about 12% of expanded capital. This resolves the pending condition.
8 Mar 2017capital raising announcement▲ GoodMajor
The Share Purchase Plan drew over $36m in applications, with shares issued at $0.315. Total raised across the placement and SPP is about A$91m, assuming FIRB approval of EIG's second tranche. EIG will hold about 12%.
8 Feb 2017capital raising announcement● Neutral
Senex launches the Share Purchase Plan (cap A$40m, up to A$15,000 each, no brokerage) following the A$55m placement to EIG and institutions at $0.315. Proceeds are for Western Surat, Cooper Basin and east coast gas growth. Repeats the booklet terms.
8 Feb 2017capital raising announcement● Neutral
Offer booklet for the Share Purchase Plan: eligible shareholders can buy up to $15,000 of shares, capped at $40m, at the lesser of $0.315 or a 5% discount to the five-day average price. Closes 1 March 2017. Follows the February placement.
7 Feb 2017capital raising announcement▲ Good
Senex issued about 96 million shares to EIG and about 27 million to other investors at A$0.315, completing the placement announced 1 February. A second EIG tranche of about 50 million shares awaits FIRB approval. The Share Purchase Plan opens 8 February.
1 Feb 2017capital raising announcement▲ GoodMajor
Senex raises A$55m by placing 15% of its shares at 31.5 cents, about 12.6% to EIG Global Energy Partners, which will become a substantial shareholder. A Share Purchase Plan capped at A$40m follows. EIG says up to US$300m of Western Surat funding may be available, subject to due diligence and agreement. Part of the EIG placement needs FIRB approval.
19 July 2012capital raising announcement● Neutral
Senex issued 104,111,540 shares for the retail entitlement offer, completing the $155m raising. Issued capital is now 1,136,205,731 shares. The Sentient entities' holdings listed total about 9.08%, 4.37% and 2.78% in separate lines.
16 July 2012capital raising announcement● NeutralMajor
The retail part of the $155m raising closed with applications for about 35.9m shares (about $26.6m), 34.7% of the 103.5m offered. The shortfall of about 68.2m shares (about $50.5m) goes to sub-underwriters. Sentient took its full entitlement; settlement 18 July.
27 June 2012capital raising announcement● Neutral
Senex sent shareholders the retail booklet and entitlement form for the 2-for-13 offer at $0.74. The offer closes 11 July. These are the terms announced on 19 June, with no new information.
21 June 2012capital raising announcement▲ GoodMajor
The $50m placement and $28m institutional entitlement offer at $0.74 closed well oversubscribed. The fully underwritten retail offer of about $77m opens 27 June and closes 11 July. J.P. Morgan and RBS Morgans underwrite.
19 June 2012capital raising announcement● NeutralMajor
Senex launches a fully underwritten $155m raising at $0.74 a share: about $50m placement plus a 2-for-13 entitlement offer of about $105m. It funds unconventional gas exploration in the Cooper Basin. Sentient, at 16.6%, will keep its stake. About 210m new shares.
1 May 2012capital raising announcement● NeutralMajor
QGC (BG Group) sold its 73.9m Senex shares (8.0%) in a $75m institutional bookbuild at $1.02, a 9.1% discount to the 30 April VWAP. This is a secondary sale, not new capital; QGC stays a partner in PL 171 and ATP 574P.
26 Sept 2011capital raising announcement● Neutral
Senex issued 152,936,858 new shares from the entitlement issue, lifting shares on issue to 913,659,081. Sentient's two funds hold 8.90% and 7.48%; QGC holds 5.48%.
21 Sept 2011capital raising announcement▲ GoodMajor
The $0.35 entitlement issue was significantly oversubscribed: over 122m shares taken as entitlements and top-up applications for over 63m shares against under 30m available. No shortfall shares, so Sentient's shortfall commitment was not needed. Shares issue 26 September.
5 Sept 2011capital raising announcement● Neutral
Confirms the entitlement offer booklet and personalised forms were sent to eligible shareholders on 2 September. Administrative notice with no new information.
5 Sept 2011capital raising announcement● Neutral
Confirms the notice to ineligible holders was sent on 2 September. Administrative notice with no new information.
2 Sept 2011capital raising announcement● Neutral
Notice that holders with registered addresses outside Australia, New Zealand or the Cayman Islands are ineligible for the $0.35 entitlement issue. Administrative; no new terms.
2 Sept 2011capital raising announcement● Neutral
Offer booklet and acceptance form for the 1-for-5 entitlement issue (about 152.2m shares at $0.35, raising about $53.3m) were sent to eligible shareholders. Offer closes 16 September. Administrative step in the already announced raising.
What it means for a shareholder
152m new shares at A$0.350 to raise about A$53.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
22 Aug 2011capital raising announcement● NeutralMajor
Senex launched a fully underwritten 1-for-5 non-renounceable entitlement issue at $0.35 to raise about $53.3m, a 15.7% discount to the last trade. Proceeds fund the flowlines, western flank oil development and unconventional gas. Sentient will take its entitlement and 44.25m shortfall shares.
22 Nov 2010capital raising announcement▲ GoodMajor
Victoria raised $26m through a placement of 70.27m shares at 37 cents, lifting cash to about $59m; Sentient rises to about 13.8%. It also agreed a $71m 2011 CSG program with QGC ($17m net), will take over Don Juan as operator, and targets 1,500 bopd by mid-2011.
What it means for a shareholder
70.3m new shares at A$0.370 to raise about A$26.0m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
28 Jan 2010capital raising announcement● Neutral
34,388,000 shares were allotted at 30c to Share Purchase Plan subscribers, raising $10.3 million. Quoted shares rise to about 452 million. Completes the SPP.
What it means for a shareholder
34.4m new shares at A$0.300 to raise about A$10.3m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
20 Jan 2010capital raising announcement▲ GoodMajor
The Share Purchase Plan closed with $10.3 million raised at 30c, near the $12m target. Together with $26 million cash on hand, it funds up to 30 wells over the next 12 months. Shares are to be allotted 25 January.
19 Jan 2010capital raising announcement▲ GoodMajor
RBS Morgans will fully underwrite exercise of the 25c options expiring 31 January, about 56.4 million options raising $14.1 million for a 2.75% fee. Funds support up to 30 wells over 12 months, which removes the risk of the options lapsing.
23 Dec 2009capital raising announcement● Neutral
Shareholder letter repeats the Share Purchase Plan extension to 15 January 2010 because of Christmas mail delays. It adds that Fury and the Snatcher start-up move the company toward its target of 1,200 bopd net by end 2010, and Surat CSG drilling resumes mid-January.
22 Dec 2009capital raising announcement● Neutral
The Share Purchase Plan closing date is extended from 31 December 2009 to 15 January 2010, because Christmas postal delays meant holders may not receive documents in time. Administrative change; the 30c price is unchanged.
4 Dec 2009capital raising announcement● NeutralMajor
Victoria offers a Share Purchase Plan at 30c per share, for $1,200 to $15,000 per eligible holder. Record date 7 December, closing 31 December, allotment 6 January 2010. No total raise size is given. It follows 36c in October.
4 Dec 2009capital raising announcement● Neutral
Letter to holders of 25c options (VPEO, expiring 31 Jan 2010) explaining they can join the Share Purchase Plan only by exercising some options and being on the register by 18 December 2009. Administrative mailing, no new figures.
4 Dec 2009capital raising announcement● NeutralMajor
Letter detailing the Share Purchase Plan at 30c, $1,200–$15,000 per holder, to fund faster Cooper Basin oil and Surat CSG drilling. Capped at 110.8m shares ($33.2m); the board targets $12m, not underwritten. Same price as the recent placement to professional investors.
20 Apr 2009capital raising announcement● Neutral
Administrative notice: 37,900 shares issued on exercise of listed options at 25 cents each, a trivial amount of about $9,500. Shares on issue rise to 368,218,564.
