PERTH, WESTERN AUSTRALIA--(Marketwired - Dec. 19, 2014) - Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") refers to the Company's announcement on December 8, 2014 regarding the change in substantial shareholding of HOPU Clean Energy (Singapore) Pte. Ltd. (HOPU).
As explained in that announcement, HOPU's voting power in Paladin increased as a result of completion of the institutional component of the pro rata non-renounceable entitlement offer of ordinary shares by Paladin announced on November 24, 2014 (Entitlement Offer).
Shares were issued pursuant to the retail component of the Entitlement Offer (in respect of which HOPU participated as a sub-underwriter) on December 17, 2014. Following completion of the retail component of the Entitlement Offer, HOPU's voting power has now reduced to 14.99%.
A notice of change in substantial shareholding received from HOPU reflecting its current voting power of 14.99% is available here.
ACN 061 681 098
Contact Information:
John Borshoff
Managing Director/CEO
+61-8-9381-4366 or
Mobile: +61-419-912-571
john.borshoff@paladinenergy.com.au
Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
+1 905 337-7673 or
Mobile: +1 416-605-5120 (Toronto)
greg.taylor@paladinenergy.com.au