Origin Energy Limited (Origin) today announced the successful completion of the retail component of its fully underwritten 4 for 7 pro rata accelerated renounceable entitlement offer (Retail Entitlement Offer) of new Origin ordinary shares (New Shares).
Completion of the Retail Entitlement Offer represents the second stage of Origin’s $2.5 billion equity raising, announced on Wednesday 30 September 2015.
The institutional component of the Entitlement Offer was completed on Friday 2 October 2015, raising approximately $1.35 billion.
Group Manager, Investor Relations
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About Origin Energy
Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&P/ASX 20 Index, the Company has approximately 6,900 employees and is a leading producer of gas in eastern Australia. Origin is Australia’s largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has one of the country’s largest and most flexible generation portfolios with approximately 6,000 MW of capacity, through either owned generation or contracted rights.
Origin’s strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia’s largest CSG to LNG projects based on Australia’s largest 2P CSG reserves base.
In New Zealand, Origin operates oil and gas projects and holds petroleum exploration acreage.
Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.