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Seven Group Holdings Completes $500m Equity Raising

20 Apr 2021  |  08:45:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Seven Group Completes $500m Equity Raising

Seven Group Holdings announced that it has successfully completed a $500m fully underwritten institutional placement (Placement) of 22.2m new FPO shares (New Shares) to institutional investors. The Placement was oversubscribed with support from domestic and international institutional investors, including both existing shareholders and new investors. The New Shares will be issued at $22.50 per share, which represents a 4% discount to the closing price of $23.43 on 16 April 2021.

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