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Ingenia Communities Group Announces Entitlement Issue


Tuesday, 10 Sep 2013 07:22pm EDT 

Ingenia Communities Group announced a non-renounceable rights issue to raise $61.7 million at an offer price of $0.365 per security. The issues is fully underwritten by RBS Morgans Corporate Limited and Petra Capital Pty Limited. Funds raised from the Rights Issue will be fully allocated to fund existing identified opportunities. Advanced discussions with Australian bank for increase in Australian debt facility to further enhance acquisition capacity. Ratio of one for three to issue 169.1 million securities. The record date is September 20, 2013 and the offer price is $0.365 per security. 

Company Quote

0.4875
0.0030 +0.52%
29 Jul 2014