QBE Share Purchase Plan (“SPP”)

Market Release

QBE recently announced the major terms upon which QBE Shareholders will have the opportunity to participate in an equity raising by way of a SPP to raise approximately A$160 million.

QBE shareholders will be invited to invest up to a maximum of $15,000 per shareholder at the lower of;

  • AU$10.10 which is the same price per share offered to institutional investors, or
  • A 2% discount to the volume weighted average price of QBE ordinary shares during the five trading days prior to the offer closing date of 12 September 2014.

We have reviewed the offer and will confirm instructions once the offer documents have been issued by the company.

Heath Whyte