Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn

Company News Summary

InvoCare Announces Completion of Institutional Placement

15 Apr 2020  |  09:02:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Placement

InvoCare completed a $200m underwritten institutional placement (Placement) of 19.2m new FPO shares (New Shares) to institutional investors at a price of $10.40 per New Share (Placement Price). As announced on 14 April 2020, the Company intends to apply Placement proceeds to initially reduce net debt and increase liquidity and balance sheet flexibility to support the business during the current uncertain environment. Following the completion of the institutional Placement, the Company will offer eligible shareholders with a registered address in Australia and NZ the opportunity to participate in a non-underwritten SPP.

Please click here for full details

See more ASX300 News Announcements