Bank of Queensland Completes $250 million Institutional Placement

  • Nov 26, 2019 AEDT
  • Team Kalkine

Bank Of Queensland Limited (ASX: BOQ) has finally completed its fully underwritten $250 million institutional share placement. As part of the placement, BOQ will issue around 32.1 million new fully paid ordinary shares in the company (New Shares) at a price of $7.78 per New Share, representing the top of the bookbuild price range.

New Shares under the placement is likely to settle on 28 November 2019. The Bank will also undertake a share purchase plan (SPP), and the booklet of SPP is expected to be send to Eligible shareholders on or around 3 December 2019.

At AEST 01:13 PM, BOQ stock was trading at $8.160, down by 5.556% from the previous close.

 

 

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