Shareholders' approval is still required, with a vote on the rights issue expected to be held on February 17.
In February 2013, shareholders of Qatar Insurance approved a QR963.2 million rights issue as well as a 20 percent stake sale to Qatar Holding, a unit of sovereign wealth fund Qatar Investment Authority.
The funds raised by the Rights Issue will be used for funding drilling and completion costs to earn a 90% interest in Backreef-1, exploration costs including CSG & Shale Gas assessment, advancing Native Title negotiations in Canning Basin permit 5/07-8 EP, and general working and administrative capital.
In accordance with the ASX Listing Rules, the Company has decided that the Rights Issue will not be extended to shareholders with registered addresses outside Australia or New Zealand as the Company has formed the view that it would be unreasonable to extend the offer in such a way having regard to:
Bank of America Merrill Lynch (NYSE: BAC), UBS AG (NYSE: UBS) (ZHR: UBSN) (UBSN.VX), JP Morgan Chase & Co (NYSE: JPM), and BNP Paribas SA (BNPP.PA) (LSE: BNP) (OTC: BNPQY) were the joint lead underwriters for the H-share rights issue
It said rights issues
by GCC-based companies are mostly being used to fund regional and international expansion unlike British companies that are using rights issues
to repair balance sheets damaged by the credit crunch.
Their backing will be crucial as HBOS looks to strengthen its financial base by inviting investors to take part in a rights issue
and buy additional shares.
Lubin begins Romance and Rights by explaining how World War II enabled interracial intimacy to become viewed as a civil rights issue
. For the first time, domestic racial discrimination became a liability to American foreign policy, as the United States positioned itself as the protector of freedom and democracy opposing first Nazi Germany, and later, the USSR.
It is, therefore, important for private investors to seek expert advice before committing themselves to any rights issues
Panin Insurance itself will offer its third rights issues
of 231.7 shares worth Rp 500 per share.
Chavis' proposals - to start a major endowment for the NAACP, run the organization more like a professional business, expand its membership base and develop programs that would address a broad range of civil rights issues
- were applauded by the search committee.
The session covered how the rights issue
process will work and how brokers can best advise their clients to exercise their rights.