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Breville Group Completed A$94 million Institutional Placement

  • May 14, 2020 12:49 PM AEST
  • Team Kalkine

Breville Group Limited (ASX:BRG) announced the successful completion of A$94 million fully underwritten institutional placement of ~5.5 million new fully paid ordinary shares at A$17 per new share.

The proceeds of the Placement would be used for improving financial flexibility for Breville so that it can continue to invest in the execution of its growth agenda and simultaneously maintain strong financial position.

At AEST 11:40, BRG shares are trading at $20.640, up 10.374% from the previous close.

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