EML Payments Finalizes Its Retail Entitlement Offer

  • Dec 04, 2019 AEDT
  • Team Kalkine

EML Payments Limited (ASX:EML) has announced the successful completion of the retail component of its fully underwritten 1 for 5 accelerated pro-rata non-renounceable entitlement offer.

Under the Retail Entitlement Offer, around 26 million EML shares will be issued at $3.55 per share to raise ~ $93 million.

Retail Entitlement Offer closed on 29 November 2019 and received a huge support from the qualified retail shareholders.

New shares under the Retail Entitlement Offer will be issued on 6 December 2019 and will commence trading on ASX on a normal settlement basis from 9 December 2019.

At AEST 1:23 PM, EML shares are trading at $4.465, down 2.935% from its previous closing price.

 

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