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  "documentTitle": "morgan stanley virtual hk summit march 2022",
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  "authorName": "Macquarie",
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  "notes": "Slide details capital issuance events including institutional placement, SPP, and DRP.",
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      "text": "The capital raise provides additional flexibility to invest in new opportunities where the expected risk-adjusted returns are attractive, while maintaining an appropriate capital surplus.",
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      "text": "1. The same price that was paid by institutional investors under the institutional placement adjusted for the 1H22 dividend. 2. The DRP price was determined in accordance with the DRP Rules, being the arithmetic average of the daily volume-weighted average price of all Macquarie Group shares sold through a normal trade on the ASX automated trading system of the 5 trading days from 15 Nov 21 to 19 Nov 21 inclusive with no discount.",
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      "text": "Dividend Reinvestment Plan (DRP): On 14 Dec 21, 407,884 ordinary shares were issued and allocated at $A204.28 per share under the DRP for a total issuance of $A83m",
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      "text": "Capital Raising: On 29 Oct 21, Macquarie announced a capital raising via a non-underwritten $A1.5b institutional placement, in addition to an associated non-underwritten Share Purchase Plan (SPP). On 1 Nov 21, Macquarie completed the institutional placement, conducted via bookbuild. Accordingly, Macquarie issued approximately 7.7m new fully paid ordinary shares, raising $A1.5b of ordinary equity at a price of $A194 per new share. On 26 Nov 21, Macquarie closed the SPP, with more than 49,000 applications received from eligible shareholders. Accordingly, on 3 Dec 21 Macquarie issued approximately 6.7m new fully paid ordinary shares, raising $A1.3b of ordinary equity at $A191.28 per new share. As at 31 Dec 21, Macquarie has a total of 384m shares outstanding. The capital raise provides additional flexibility to invest in new opportunities where the expected risk-adjusted returns are attractive, while maintaining an appropriate capital surplus",
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