Megaport Shares the Results of Share Purchase Plan

May 07, 2020 12:14 PM AEST | By Team Kalkine Media

Google News:

Recent News

Tech Surge and Real Estate Rally Drive ASX Outlook Higher

Austin Engineering (ASX:ANG) Welcomes New CEO to Strengthen Global Gro...

Pro Medicus (ASX:PME): A Radiology Powerhouse in the ASX200 Spotlight

Are Aristocrat (ASX:ALL) and A2 Milk (ASX:A2M) Shares Worth Watching i...

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.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.