Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/orica-ltd" target="_blank" data-smartkarma-citation="entities:895:1" rel="noopener">Orica Ltd (ORI AU)</a> is launching an institutional offering of shares today to fund the purchase of Axis Mining Technology to expand the Digital [Mining] Solutions offering.</li>
<li>Orica has launched an equity offering of &gt;2x the size of the takeover (adds A$280mm of working capital). Both acquisition and placement are expected to be accretive in Year1.</li>
<li>There will be a separate SPP on the follow. Expect this to be well-received and expect "fast money" to be rebuffed. There is significant passive buying to do.</li>
</ul>



Orica Ltd (ORI AU) is launching an institutional offering of shares today to fund the purchase of Axis Mining Technology to expand the Digital [Mining] Solutions offering.
Orica has launched an equity offering of &gt;2x the size of the takeover (adds A$280mm of working capital). Both acquisition and placement are expected to be accretive in Year1.
There will be a separate SPP on the follow. Expect this to be well-received and expect "fast money" to be rebuffed. There is significant passive buying to do.


Orica Offering - Concentrated Active Holder Base Means Over-Raise Should Be OK - Index Implications