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Carsales.com Completes Institutional Entitlement Offer

17 May 2021  |  09:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: carsales completes Institutional Entitlement Offer

Carsales.com announced the successful completion of the institutional component (Institutional Entitlement Offer) of its underwritten 1 for 6.99 pro-rata accelerated renounceable entitlement offer (with retail rights trading) that was announced on 12 May 2021. The Institutional Entitlement Offer raised A$428m at the offer price of A$17.00 (Offer Price) per new share (New Share) and was well supported by institutional shareholders with a take-up of 83% by eligible institutional shareholders.

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