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Wisetech Global Announces to Share Purchase Plan Raises $35.9M

15 Apr 2019  |  16:51:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: WTC share purchase plan raises $35.9 million

Wisetech Global announced that it has successfully completed its share purchase plan (SPP), raising $35.9m, with 1.7m new FPO shares to be issued to successful SPP applicants at $20.90 per share. The Company updated that the size of the SPP was increased to $35.9m, above the expected $30m, and the Company intends to accept all valid subscriptions from eligible shareholders in full, with no scale back. As reported, new shares issued under the SPP are expected to be allotted on 18 April 2019, and holding statements are expected to be despatched to successful applicants on 23 April 2019. The Company further updated that it raised a total of $335.9m, comprising the $300m institutional placement completed on 19 March 2019 and the SPP.

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