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Chris Tuckwell says the placement attracted support from institutional and professional investors.

Maca in $60m placement

Mining and civil contractor MACA has raised $60 million to expand its mining fleet, driven by what the company described as an exceptional pipeline of available work.

It comes just days after the contractor was awarded work at the Pilbara Minerals’ Pilgangoora lithium project, with Maca to be mining at the open pit site starting in November.

Maca will issue 33.4 million shares at a price of $1.80 each, a 7.5 per cent discount to the company’s five-day volume-weighted average price.

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MACA (MLD)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/17

1 year TSR5 year TSR
288thMACA15%11%
717 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

06/09/17
$0 Other
06/09/17
$0 Issued
26/04/16
$20k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

th-MACA$520.3m
230 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from MACA

118thChris Tuckwell$759k
205thMaurice Dessauvagie$582k
207thMitch Wallace$581k
Ranked by total remuneration from all listed WA companies

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