Electro Optic Boosts liquidity and Completes Institutional Placement

1 min read | April 16, 2020 01:41 PM AEST | By Team Kalkine Media

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Electro Optic Systems Holdings Limited (ASX:EOS) completes $134 million institutional placement of new fully paid ordinary shares, which was fully underwritten by Citigroup Global Markets Australia Pty Limited.

The Company issued 28,269,553 of new shares at an offer price of $4.75 per share to enhance liquidity and continue to fund ongoing growth initiatives and working capital requirements.
The settlement of the placement is anticipated to complete on 20 April 2020, while EOS would issue the new shares on 21 April 2020; and,
EOS would also seek a separate offer of New Shares under a share purchase plan (SPP) to existing eligible shareholders in the Company.

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