Incitec Pivot Raises ~AUD57 Million Via Share Purchase Plan

  • Jun 12, 2020 AEST
  • Team Kalkine

Incitec Pivot Limited (ASX:IPL) has completed its share purchase plan (SPP) announced on 11 May 2020.

The SPP has raised nearly AUD57.5 million and follows successful completion of AUD 600 million institutional placement of IPL on 12 May 2020. The Company is expected to issue new fully paid ordinary shares at a per share price of AUD 2.00.

The proceeds of the raising will enable the Company to strengthen its balance sheet and liquidity position.


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