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.