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Seven Group Holdings Announces $500m Underwritten Equity Raising

19 Apr 2021  |  09:07:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Seven Group Announces $500m Underwritten Equity Raising

Seven Group Holdings announced it is conducting a fully underwritten $500m placement of ordinary shares (New Shares) to institutions and sophisticated investors (Placement) and a non-underwritten Share Purchase Plan (SPP) to raise $50m (together, Equity Raising). The Placement will comprise the issue of 22.2m FPO shares at an issue price of $22.50 to certain institutional and sophisticated investors in Australia and internationally to raise $500m before costs.

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