Farallon Capital Management’s investment funds have acquired 101,589,656 shares in Whitehaven Coal from entities associated with Nathan Tinkler (Aston Resources Investments and Boardwalk Resources Investments).
These shares represent approximately 9.91 per cent of the issued shares in Whitehaven.
The Farallon Funds have also agreed to purchase an additional 16,672,031 Whitehaven shares (approximately 1.63 per cent of the issued shares in Whitehaven) from ASM Equities Fund, subject to obtaining FIRB approval. The Farallon Funds also continue to hold a further 52,153,034 Whitehaven shares (approximately 5.09 per cent of the issued shares in Whitehaven).
Farallon believes the current market price of Whitehaven shares does not reflect the value of the company. The Farallon Funds now have a sizeable investment in Whitehaven, and Farallon looks forward to growth in shareholder value over time.
