Tattarang alah - Twiggy’s investment vehicle an 8.1% interest in the shipbuilder.

Something of interest...

Published March 30, 10:44 am AEDT

The release advises that Tattarang acquired an economic interest in 17,731,049 shares (the equivalent of 4.9% of Austal’s shares on issue) pursuant to a cash-settled equity swap transaction. This was at an average price of $1.905 per share, which equates to a total consideration of approximately $33.8 million.

In addition, through a series of on-market purchases of Austal shares up to Monday 28 March, Tattarang acquired a further 11,495,771 shares for a total consideration of approximately $20.7 million or an average of $1.801 per share.

All in all, this gives Twiggy’s investment vehicle an 8.1% interest in the shipbuilder.