Building products firm Boral Ltd (ASX:BLD) announced today the completion of the retail component of its accelerated renounceable entitlement offer.

This represents the final stage of Boral's equity raising of approximately $490 million, as declared early July this year.

Entitlements attributable to renouncing and ineligible retail shareholders were sold through the retail bookbuild, which ended August 6.

The clearing price under the retail bookbuild was $4.25 per share, a 3.7 per cent premium to the underwritten issue price of $4.10 for the entitlement offer.

Cash proceeds of $0.15 per share, for the sale of the relevant entitlements, will be returned to renouncing and ineligible retail shareholders less any applicable withholding tax.

According to Boral's statement, the settlement date for new shares issued under the Retail Entitlement Offer and the Retail Bookbuild is August 10, 2010. Allotment of these shares will occur on August 11.

August 2010 and trading of those shares on ASX will commence on 12 August 2010. Holding statements and Retail Premium proceeds are scheduled to be despatched to shareholders from August 17.