From 50 cents to 0.3. Luckily this was only Fidelity...
Melbourne, Australia, 20 July 2016, Adherium Limited (ASX: ADR) announces that it has entered into a binding agreement for an $8 million share placement to Fidelity International, which will take Fidelity’s holding in Adherium to 10%. Fidelity International is a global asset manager with assets under management of US$272 billion* on behalf of clients in Asia-Pacific, Europe, the Middle East, and South America. A total of 16,046,097 fully paid ordinary Adherium shares (Placement Shares) are to be issued 26 July 2016 at a price of $0.50 per share to raise $8,023,048.50 (before costs). The placement was managed by Bell Potter Securities Limited.
Ann: Half Yearly Report and Accounts, page-6
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