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Bapcor Opens SPP for Eligible Shareholders Post Completing Institutional Placement

  • April 26, 2020 10:03 AM AEST
  • Team Kalkine

Bapcor Limited (ASX:BAP) has opened the Share Purchase Plan (or SPP) announced by the Company on 16 April 2020.

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  • The SPP, which is now open for applications from eligible shareholders, follows BAP’s successfully placement to institutional investors for $180 million at face value of $4.40 apiece; and,
  • Under the SPP, eligible shareholders can apply for up to $30,000 of new fully paid ordinary shares.
  • The Company also suggested that the issue price under SPP would be less than the placement price and would also mark a 2 per cent discount on 5-day VWAP of Bapcor shares up to the SPP closing date.

 


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