Orica Ltd to Acquire Axis Mining Technology Pty Ltd Call Transcript

Aug 03, 2022 / 12:30AM GMT

Release Date Price: $10.81

Transcript

Operator

Thank you for standing by. And welcome to the Orica Announces Strategic Acquisition of Digital Orebody Intelligence Business Axis and Equity Raising Conference Call. (Operator Instructions)

I would now like to hand the conference over to Mr. Sanjeev Gandhi, Chief Executive Officer. Please go ahead.

Sanjeev Kumar Gulab Gandhi

Orica Limited - MD, CEO & Executive Director

Good morning, everyone. Thank you all for joining us on what is a very exciting day for Orica. Joining me on the call is (Trades, Portfolio), our Chief Financial Officer; and Delphine Cassidy.

Today, we announced the acquisition of Axis. The acquisition will be funded by a fully underwritten institutional share placement of $650 million and non-underwritten share purchase plan capped

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