Adelaide Brighton (ABC) limited announces that it has launched an equity capital raising of up to A$ 100 million, comprising an underwritten institutional placement, of which up to A$ 75 million has been underwritten and a non underwritten Share Purchase Plan.
The placement is being offered to institutional and sophisticated investors in certain jurisdictions at a fixed price of $1.78 per share. The SPP will offer the shareholders the opportunity to subscribe for up to A$10,000 worth of Adelaide Brighton shares. Further details of the SPP will be communicated to the shareholders in due course.
Tags: ABC, Adelaide Brighton, Placement, Share Purchase Plan, SPP
