ERA share sale

7 December 2005

Some 25% of the equity of uranium producers Energy Resources of Australia (ERA) has been sold to domestic and international professional investors by three major shareholders.

The company, which operates the Ranger uranium mine, announced that 47,872,488 shares, comprising 25.1% of ERA's issued capital, has been collectively sold by Canadian group Cameco, French group Cogema and Japanese operation Japan Australia Uranium Resources Development (JAURD). The three sold all of their "A" class shares through an international bookbuild. The companies sold 6.69%, 7.76% and 10.64% of ERA's issued capital respectively. Rio Tinto continues to hold 68.39% with the remainder of the equity held publicly.

All the sales were made at the price of A$9.50/share ($7.14/share).


Related Articles
China to choose one each from Areva and Westinghouse



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.