NRW Successfully Closed its $120 million Capital Raise

  • Nov 29, 2019 AEDT
  • Team Kalkine

NRW Holdings Limited (ASX: NWH) has received commitments to raise $120 million before cost, through the placement of 42.1 million new fully paid shares in NRW at an issue price of $2.85 per placement share. The net proceeds will be used to acquire BGC Contracting Pty Limited.

The issue price represents a:

  • 2% premium to NRW's adjusted 10-day volume weighted average price of $2.71, up to and including the last trading day prior to the trading halt;
  • 4% premium to NRW's adjusted closing price of $2.81 on 27 November 2019, being the last trading day prior to NRW entering a trading halt in connection with the Placement.

At AEST 12:48PM, the stock was trading at $3.020 per share, up by 6.714% from its previous close.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK