Megaport Shares the Results of Share Purchase Plan

May 07, 2020 12:14 PM AEST
Team Kalkine

Megaport Limited (ASX: MP1) announced the successful completion of its Share Purchase Plan which closed on 5 May 2020.

Seeing the exceptionally strong demand from retail shareholders, an assessment of its capital requirements and feedback from retail shareholders of MP1, the board has determined to increase the equity raised under the SPP by 50% to $22.5 million, with applicants to be scaled back on a pro-rata basis. Each share would be issued at $9.50.

With this the total amount raised via capital raising amounts to $72.5 million, which includes $50 million raised under the institutional share placement.

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