AJL aj lucas group limited
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News: AJL AJ Lucas Group Announces Completion Of Institutional Component Of Entitlement Offer

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    11/11/19
    16:10
    Post #: 41360512

    Nov 11 (Reuters) - AJ Lucas Group Ltd (AJL) :

    • AJ LUCAS GROUP LTD ANNOUNCES COMPLETION OF INSTITUTIONAL COMPONENT OF ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE UP TO $46.3 MILLION
    • INSTITUTIONAL COMPONENT OF OFFER RAISED PROCEEDS OF $26.2 MILLION, ABOUT 68.6% OF TOTAL ENTITLEMENT OF NEW SHARES AVAILABLE UNDER OFFER
    • PROCEEDS RAISED FROM KEROGEN INVESTMENTS NO.1 (HK) LIMITED WILL BE USED TO REDUCE KEROGEN'S SUBORDINATED DEBT FACILITY
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