ATG 2.38% 32.3¢ articore group limited

Ann: Results of Institutional Offer and Placement, page-4

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  1. 186 Posts.
    lightbulb Created with Sketch. 34
    What do you mean?

    "[a] fully underwritten Retail Entitlement Offer is expected to raise approximately A$8.4 million and is expected to open on Wednesday, 31 October 2018..."
    - same terms as the institutional placement, $1.50/share.

    And as @Vet14 points out, you can probably pick them up on market now below $1.50.

    -----

    The 54% take-up rate among eligible institutional shareholders doesn't seem like a great vote of confidence in the deal.
 
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2 6371 32.0¢
 

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