CARSALES.COM LIMITED.

CARSALES.COM LIMITED. (ASX: CAR)

Carsales.com Ltd has successfully completed the retail shortfall bookbuild component, raising approximately AUD 121 million from the issue of approximately 6.1 million new carsales shares at an offer price of AUD 19.95 per New Share.
The combined institutional and retail components of the Entitlement Offer have raised approximately AUD 501 million to fund the acquisition of an additional 40% of shares in webmotors S.A. and strengthen carsales' balance sheet.
Eligible retail shareholders who elected not to take up their Retail Entitlements and ineligible retail shareholders will receive AUD 2.50 net of any applicable expenses or withholding tax for each Retail Entitlement sold through the Retail Shortfall Bookbuild.

2023-04-05 08:16:00

carsales.com Ltd announces the successful completion of the Retail Entitlement Offer.
Retail shareholders subscribed for approximately 3.5 million new shares, raising gross proceeds of approximately A$70 million.
Approximately 2.6 million Retail Entitlements not taken up by eligible retail shareholders will be offered for sale in a retail shortfall bookbuild.

2023-04-04 16:19:00

Carsales completes institutional component of entitlement offer
Raised approximately A$380 million at offer price of A$19.95 per new share
Proceeds to fund acquisition of 40% of shares in webmotors S.A. and strengthen balance sheet

2023-03-13 08:12:00

Carsales has agreed to acquire an additional 40% of webmotors from Santander for AUD$353m.
The acquisition values webmotors on a 100% EV basis at AUD$883m, with a Dec-22 LTM EBITDA multiple of 21.7x.
The new agreement is expected to benefit webmotors by further expanding volume of car financing, and accessing technological innovation, while retaining the strong support of Santander.

2023-03-08 08:42:00