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Shine Corporate Ltd closes entitlement offer by raising A$29.45 mln

Tuesday, 8 Jul 2014 10:58pm EDT 

Shine Corporate Ltd:On June 12 it announced a 1 for 10 renounceable rights issue for ordinary shares in Shine at an offer price of A$1.90.Says to raise about $29.45 mln (entitlement offer).Entitlement Offer was fully underwritten by Morgans Corporate Limited (Underwriter).Shine today announces that it received valid applications for 15,382,174 New Shares (about $29.23 mln) representing about 99.24 pct of the 15,500,081 New Shares offered to eligible shareholders.Shortfall will be subscribed for by sub-underwriters to the issue, ensuring the full subscription of $29.45 mln was achieved.Settlement of entitlement offer is scheduled to take place on July 10, with issue and allotment of the New Shares to occur following day, and ASX trading of the New Shares expected to commence on July 14. 

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28 Aug 2015