Allens has acted for Magellan Flagship Fund Limited (MFF) on its A$128 million capital raising.

MFF raised the capital via a pro-rata renounceable entitlement issue of new fully paid ordinary shares to its shareholders on a 1-for-4 basis, at an issue price of $1.60 per share.

Shares were allotted to eligible shareholders on 13 May, with normal trading of the new shares to commence on 14 May.

The Allens team on the deal was led by Partner and co-head of the firm's Equity Capital Markets practice, Julian Donnan.

Mr Donnan said this matter followed on from earlier M&A and capital markets work the firm had completed with MFF.

'We were delighted to work with the MFF team again and to be involved in such a significant capital raising for them,' he said.

CONTACTS

Julian Donnan (Partner – Sydney), Shikha Sethi (Associate – Sydney).