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Domain Holdings Australia Announces Completion of Institutional Entitlement Offer

04 Apr 2022  |  09:28:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Completion of Institutional Entitlement Offer

Domain Holdings Australia announced the successful completion of the institutional component (Institutional Entitlement Offer) of its fully underwritten $180m, 1 for 12.33 accelerated non-renounceable pro-rata entitlement offer (the Entitlement Offer or Equity Raising) announced on 1 April 2022. The Equity Raising is being undertaken to acquire (through one of its subsidiaries) 100% of Realbase, a campaign management technology platform in the Australia and NZ region, for upfront cash consideration of A$180m plus contingent consideration of up to A$50m which may be payable for achievement of stretch financial performance targets.

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