Plexure Group Completes Underwritten Placement of $32 Million

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Plexure Group Completes Underwritten Placement of $32 Million

Plexure Group Limited (NZX:PLX) has closed the bookbuild for about $32 million underwritten placement which was announced earlier on 11 November 2020. It was strongly supported and attracted bids of more than $32 million.

The placement was fully subscribed at an offer price of $1.20 per share, which represents:

  • A discount of 23% to the last close of $1.55;
  • 20% discount to the volume weighted average price for its shares over the previous 10 business days of $1.50.

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