If approved Becton Developments will invest the capital raised in Becton Constructions, while reserving the right to broaden its portfolio after the listing. The capital will be raised as a blend of debt and equity, or notes and shares. Notes will mature in five years at which time investors can be payed out or reinvest. According to Austock senior corporate adviser Mr Ryan Whitelegg, professional investors who have subscribed to previous issues by Becton which are maturing have rolled their funds over to the new raising, except those institutions whose mandate prevents their subscription to such products. Shares will return between 3 and 36 per cent, depending on the performance of Becton Constructions.
Investors are free to detach their note and share investments after the listing.
The prospectus does not contain profit forecasts, but Austock expects to release its own forecast next week.