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Abano Healthcare Group Ltd Announces Mailing Of Share Purchase Plan

Wednesday, 11 Sep 2013 04:09pm EDT 

Abano Healthcare Group Ltd announced that it has mailed Share Purchase Plan documents to eligible shareholders. The Share Purchase Plan (SPP) is the second stage of the equity capital raising programme announced to the market on August 28, 2013, and follows the placement of $9.25 million of new shares at $5.95 per share to institutions and other eligible investors. The SPP is intended to raise up to a further $9.25 million of new equity capital, and eligible shareholders will be invited to subscribe for up to $15,000 of new ordinary shares each, with a minimum subscription of $500 (and multiples of $500 above that level). The funds raised will be utilised to continue Company's investment into dental and its other businesses. It will provide Abano with the flexibility to fund other opportunities as they arise. The Board has resolved to partially underwrite the SPP, which has been underwritten by Forsyth Barr Group Limited to the extent of $5.75 million. The underwritten amount is not a cap. Abano will accept subscriptions of up to a total $9.25 million under the SPP. 

Company Quote

-0.1 -1.29%
24 Apr 2015