News: CGC Costa Group Expects CY20 EBITDA-Sl To Be About $150 Million

Oct 28 (Reuters) - Costa Group Holdings Ltd (CGC) :

• EXPECTS CY20 EBITDA-SL TO BE ABOUT $150 MILLION AND NPAT-SL TO BE IN LINE WITH CY18 NPAT- SL
• TO RAISE ABOUT $176 MILLION THROUGH FULLY UNDERWRITTEN RENOUNCEABLE PRO-RATA ENTITLEMENT OFFER
• CY19 GUIDANCE REDUCED TO EBITDA-SL OF ABOUT $98 MILLION AND NPAT-SL OF ABOUT $28 MILLION
• DUE TO CLOSURE OF AGED MUSHROOM SITES IN TASMANIA & QUEENSLAND, CO EXPECTS ONE-OFF RESTRUCTURING & IMPAIRMENT CHARGE OF $60–$70 MILLION IN FY
• TO RAISE $176 MILLION AT $2.20 PER SHARE THROUGH RENOUNCEABLE PRO-RATA ENTITLEMENT OFFER, AND ISSUE 80 MILLION NEW ORDINARY SHARES