{"id":8719,"date":"2009-06-15T18:24:34","date_gmt":"2009-06-16T01:24:34","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=8719"},"modified":"2009-06-15T18:25:53","modified_gmt":"2009-06-16T01:25:53","slug":"billabong-raises-aus291-million","status":"publish","type":"post","link":"https:\/\/www.boardistan.com\/?p=8719","title":{"rendered":"Billabong Raises AUS$291 Million"},"content":{"rendered":"<p><a href=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/billabong-logo.jpg\" onclick=\"window.open('http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/05\/billabong-logo.jpg','popup','width=300,height=96,scrollbars=no,resizable=yes,toolbar=no,directories=no,location=no,menubar=no,status=yes,left=0,top=0');return false\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2009\/06\/billabong-logo-tm.jpg\" height=\"64\" width=\"200\" border=\"1\" align=\"right\" hspace=\"4\" vspace=\"4\" alt=\"Billabong-Logo\" \/><\/a><strong><a href=\"http:\/\/www.billabong.com\/\" target=\"_blank\">Billabong<\/a><\/strong> needed a little cash to hold them over so what did they do? They went to the market in a &#8220;rights issue,&#8221; according to a story in <strong><em><a href=\"http:\/\/www.thewest.com.au\/default.aspx?MenuID=159&amp;ContentID=148332\" target=\"_blank\">The West Australian<\/a><\/em><\/strong>.<\/p>\n<blockquote><p>The oversubscribed retail rights issue raised $61 million, and the company raised around $230 million from institutions.<br \/>\n. . The proceeds from the entitlement offer will improve the company&#8217;s balance sheet and give it more flexibility, chairman Ted Kunkel said in a statement. . . Under the entitlement offer, eligible shareholders could subscribe for two new Billabong ordinary shares for every eleven existing ordinary shares they owned at a price of $7.50 per new share.<\/p><\/blockquote>\n<p>The new shares will begin trading on the Australian Securities Exchange on June 22.<\/p>\n<p><strong>[Link: <\/strong><strong><a href=\"http:\/\/www.thewest.com.au\/default.aspx?MenuID=159&amp;ContentID=148332\" target=\"_blank\">The West Australian<\/a><\/strong><strong>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billabong needed a little cash to hold them over so what did they do? They went to the market in a &#8220;rights issue,&#8221; according to a story in The West Australian. The oversubscribed retail rights issue raised $61 million, and the company raised around $230 million from institutions. . . The proceeds from the entitlement [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[10,6,12],"tags":[],"_links":{"self":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8719"}],"collection":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8719"}],"version-history":[{"count":2,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8719\/revisions"}],"predecessor-version":[{"id":8721,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/8719\/revisions\/8721"}],"wp:attachment":[{"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}