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Costa Group Holdings Announces Completion of Retail Entitlement Offer

22 Jul 2021  |  16:48:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Completion of retail entitlement offer

Costa Group Holdings announced the completion of the retail component ("Retail Entitlement Offer") of its fully underwritten 1 for 6.33 pro rata accelerated renounceable entitlement offer with retail rights trading ("Entitlement Offer"). Completion of the Retail Entitlement Offer represented the second stage of the Company's Entitlement Offer to raise $190m, announced on 23 June 2021. The institutional component of the Entitlement Offer closed on 24 June 2021 and the institutional shortfall bookbuild closed on 25 June 2021. Retail entitlements sold in the Retail Shortfall Bookbuild will be auctioned in a variable price bookbuild commencing with a floor price of $3.00 per share ("Offer Price").

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