Crane Group Limited
ABN 91 008 410 302
7 May 2009
The Company Announcements Office
Australian Securities Exchange
20 Bridge Street
Sydney NSW 2000
Crane Group Limited – (ASX Code: CRG)
Share Purchase Plan
Crane Group Limited’s (Crane Group) Share Purchase Plan (SPP) offer closed at 5.00pm (Sydney
time) 30 April 2009. The directors were pleased with the strong support from shareholders, having
received applications for over $27 million of new fully paid ordinary shares (New Shares).
In accordance with the terms of the SPP, Crane Group has decided to scale back the offer to
approximately $22.8 million. Under the scale back all shareholders will receive a Minimum
Allotment of 200 New Shares. Shareholders who applied for more than 200 shares will have their
applications scaled back by 20% of the amount above 200 shares. Refunds for any excess
application payments will be provided.
The price of the New Shares is $7.50, the same price paid by institutional investors in the recent
$40 million placement. The New Shares have been issued and allotted today and Crane Group has
applied for those New Shares to be listed for quotation on the ASX, as per the attached Appendix
3B. The New Shares will rank pari passu with existing ordinary shares.
The proceeds of the institutional placement and the SPP will be used to maintain financial flexibility
and enhance Crane Group’s capacity to pursue opportunities that it expects may become available
to deliver shareholder value.
Crane Group expects to dispatch a holding statement or confirmation advice and refund (where
applicable) in respect of New Shares allotted to shareholders on 8 May 2009.
For general enquiries concerning the SPP, shareholders should call the Share Purchase Plan
1300 756 125
+61 3 9415 4110
15 Blue Street
North Sydney NSW 2060
Locked Bag 2125