preliminary final report & june quarterly update - Leighton Holdings

Notes continued
for the year ended 30 June 2011
14. TRANSACTIONS WITH OWNERS IN THEIR CAPACITY AS OWNERS
On 11 April 2011 the Company invited its shareholders to subscribe to a rights issue of 33,684,297 shares at an issue price of
$22.50 per share on the basis of 1 share for 9 fully paid ordinary shares held, with such shares participating in dividends after 30
June 2011. The issue was fully subscribed resulting in an increase in the share capital of $740.7 million. The amount disclosed
is net of transaction costs of $17.2 million.
During the year the company issued 2,144,000 shares to satisfy options issued in 2006 under the Leighton Senior Executive
Share Option Plan (“LSEOP”) at an issue price of $19.89, resulting in an increase in share capital of $42.6 million.
15. EVENTS SUBSEQUENT TO REPORTING DATE
Subsequent to reporting date the Group:
• on 9 August 2011 signed a Heads of Agreement for the sale of the HWE Iron Ore entities and assets that provide iron ore
contract mining services to BHP Billiton in Western Australia for a purchase price expected to be around $705 million. The
sale will enable BHP Billiton to transition from contract mining to an owner operator model. The sale is expected to close
during the fourth quarter of calendar year 2011. The entities and assets to be sold are presented in the Leighton
Contractors segment at 30 June 2011;
• provided a further $10.2 million in cash collateral for amounts drawn by HLG on a loan facility (refer to note 8: Cash and
cash equivalents); and
• provided a further interest bearing loan of $38.1 million to HLG (refer to note 9: Investments accounted for using the
equity method).
Leighton Holdings Limited
Appendix 4E and Consolidated Preliminary Final Report for the Year Ended 30 June 2011 28