Analyst Research

Report Title Price
Provider: Thomson Reuters Stock Report
Provider: Reuters Investment Profile
Provider: Sadif Analytics Prime
Provider: Wright Reports

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Austin Engineering Ltd announces completion of A$30 mln placement

Thursday, 19 Dec 2013 06:00pm EST 

Austin Engineering Ltd:Says the completion of its placement to sophisticated, professional and institutional investors to raise up to A$30 mln as part of its A$35 mln capital raising (placement).Says as previously announced the company intends to conduct a share purchase plan to raise up to A$5 million in Jan. 2014 at the same issue price as the placement.Says the placement was strongly supported at a price of A$3.20 per new share.Says total of about 9,375,000 new shares will be issued to existing institutional shareholders under the placement, and these will rank equally with existing Austin shares on issue.Says the proceeds from the placement will be used to fund South American expansion initiatives.Says Argonaut Securities Pty Ltd and Bell Potter Securities Limited acted as joint lead managers to the placement. 

Company Quote

0.01 +1.37%
19 Dec 2014