EBOS (NZX:EBO): What is the issue price of Retail Offer?

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EBOS (NZX:EBO): What is the issue price of Retail Offer?

 EBOS (NZX:EBO): What is the issue price of Retail Offer?
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Highlights

  • EBOS announced on Tuesday that the retail Offer closed on 17 January 2022.
  • The Group will issue new shares at NZ$34.5, with the allotment likely to happen on 24 January 2022.

Ebos Group Limited (NZX:EBO) announced on Tuesday that the Retail Offer announced on 15 December 2021 ended on 17 January 2022. Under the Offer, the Group will issue new shares at NZ$34.5, with the allotment likely to happen on 24 January 2022.

Eligible shareholders could invest up to NZ$50k in new Company shares and can sustain their existing relative shareholding if they wish to take part in the Offer.

Source: © Stmool | Megapixl.com

An announcement on the result of the Offer is anticipated on or before shares are allotted.

The Group announced a retail offer on 15 December 2021 to raise up to NZ$105 million with the option of accepting oversubscriptions. The Offer is part of EBO’s equity raising plan, where it also conducted shares placement of NZ$674 million to finance the purchase of LifeHealthcare partly. LifeHealthcare is a medical device distributor in Australia, NZ and Southeast Asia.

On 18 January, at the time of writing, EBO was trading at NZ$40.33, up 0.83%.

Bottom Line

NZX trading in new shares is likely to start on the same day, and ASX trading in new shares is likely to begin on 25 January 2022.

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