Learn To Invest
Stocks Special Reports LICs Credit Funds ETFs Tools SMSFs
Video Archive Article Archive
News Stocks Special Reports Funds ETFs Features SMSFs Learn
About

Company News Summary

AUB Group Completes Institutional Component of $350m Capital Raise

10 May 2022  |  09:57:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: AUB completes institutional component of $350m capital raise

AUB Group announced the successful completion of the institutional component of its fully underwritten equity raising, having received very strong support from its institutional shareholders and new investors. As announced on 9 May 2022, the proceeds from the capital raising, along with the Vendor Placement and New Debt Facility, will be used to fund the acquisition of Tysers for AUD880m (GBP500m). The institutional component of the equity raising comprises a AUD71m fully underwritten institutional placement (Placement) and the institutional component of a AUD279m fully underwritten 1 for 5.2 accelerated pro-rata non-renounceable entitlement offer (Entitlement Offer) (Institutional Entitlement Offer). The offer price for each of the new FPO shares (New Shares) is AUD19.50.

Please click here for full details

See more ASX300 News Announcements