Crane Group Limited (CRG) has successfully completed an institutional placement raising $40 million in new equity. The placement was fully subscribed and priced at $7.50 per share (Placement Price), an 8% discount to the prior close. This will result in the issue of 5,333,334 new ordinary shares being issued.
Eligible shareholders will be offered the opportunity to participate in the Share Purchase Plan (SPP). The SPP will offer shareholders the opportunity to subscribe for up to $10,000 worth of Crane Group shares at the Placement price. If total applications under the SPP exceed $10 million, Crane Group will reserve the right to scale back partly or entirely the amount raised.
For More Share Purchase Plans go to http://blog.mdsfinancial.com.au/category/share-purchase-plans/
To Buy Shares And Participate in Share Purchase Plans use Trader Dealer http://www.traderdealer.com.au/
Tags: Crane Group, Placement, Share Purchase Plan, SPP
