Macquarie Group successfully completes $A500 million capital raising

Macquarie Group Limited (ASX: MQG; ADR: MQBKY) Chief Financial Officer, Mr Patrick Upfold, announced today that the Group had successfully completed a $A500 million capital raising in the domestic and international capital markets.

The institutional placement, by way of a bookbuild, will result in the issue of 6.8 million new ordinary shares at a price of $A73.50 each, which is in line with the last closing price (the Placement). The new shares will rank pari-passu with existing ordinary shares.

In addition to the Placement, Mr Upfold announced that eligible Macquarie ordinary shareholders in Australia and New Zealand will also have an opportunity to participate in a capital raising by way of a share purchase plan (SPP). Further details on the SPP are provided in a separate announcement dated 5 March 2015.

“The issue received strong support from both existing and new domestic and international investors and was significantly oversubscribed. It was pleasing to see the vast majority of our institutional shareholders participate in the placement, demonstrating their continued support of Macquarie” Mr Upfold said.

The Placement does not require shareholder approval and settlement is expected to take place on Wednesday, 11 March 2015. The shares are scheduled to commence trading on the ASX on Thursday, 12 March 2015 and will be eligible for any final dividend for the year ending 31 March 2015.

Macquarie Capital (Australia) Limited acted as Sole Lead Manager and Bookrunner in relation to the Placement.