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Company News Summary

InvoCare Annouces Completion of Placement

11 Mar 2019  |  09:31:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: IVC Annouces Completion of Placement

InvoCare announced the successful completion of its fully underwritten institutional placement of new FPO shares (New Shares), as announced to the market on 8 March 2019. The Institutional Placement was supported by existing and new institutional shareholders and raised $65m through the issue of 4.64m New Shares at a price of $14.00 per New Share, representing a 2.4% discount to the last close price of $14.34 on 7 March 2019. Net proceeds from the Institutional Placement will be applied to its strategic growth objectives as previously announced to the market. New Shares issued under the Institutional Placement will rank equally with existing shares on issue and will be issued utilising the Company's Listing Rule 7.1 placement capacity.

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