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Company News Summary

InvoCare Provides Presentation on Business Update and Capital Raising

14 Apr 2020  |  09:44:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Business Update & Capital Raising

InvoCare provided presentation on Business Update and Capital Raising. It reported the Company is raising $150m through an underwritten institutional Placement to continue the positive momentum achieved on its growth initiatives through an environment of temporary restrictions on the funeral industry as a result of COVID-19. A follow-on non-underwritten SPP will also be offered to eligible shareholders. Core growth initiatives continue to offer the Company positive growth opportunities into the future. Australian case averages to date have shown resilience however on-going changes to consumer behaviours during COVID-19 may further impact case averages.

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