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No equity raising

 12-February-2016
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The Australian newspaper published an article this morning concerning market speculation that WorleyParsons was considering an equity raising.

ASX Release

 

As announced at the Company’s 2015 Annual General Meeting on 27 October 2015, the Company continues to make the adjustments necessary to align the business to the market shifts while ensuring we have a sustainable business for the longer term.

As part of that alignment to the market shifts, the Company has been considering a range of options for deleveraging the balance sheet.  As a result of the actions already underway and proposed, the available headroom to its borrowing covenants and available liquidity, the Company is not planning an equity raising. 

The Company reports its Half Year 2016 results on 24 February 2016.

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