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Incitec Pivot Finalised A$600 million Placement

  • May 12, 2020 12:55 PM AEST
  • Team Kalkine

Incitec Pivot Limited (ASX:IPL) has finalised $600 million placement. Under this fully underwritten institutional placement, the company would be issuing 300 million new fully paid ordinary shares at A$2.00 per Placement share to the institutional and professional investors.

Gold MTF non-AMP

Around 98% of the Placement shares were assigned to the existing shareholders.

IPL also announced that it would be offering existing shareholders an opportunity to participate in a non-underwritten share purchase plan up to $75 million. Under this, the qualified IPL shareholder would be able to apply for up to $30,000 of new fully paid IPL ordinary shares, without brokerage, commission or any transaction cost.


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