ABB aussie broadband limited

News: ABB Aussie Broadband Says Fully Underwritten Institutional Placement To Raise A$120 Million

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    Nov 2 (Reuters) - Aussie Broadband Ltd (ABB) :

    • FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE A$120 MILLION
    • NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A FURTHER A$20 MILLION
    • PROCEEDS WILL BE USED TO STRENGTHEN, POTENTIAL M&A AND PROPOSED SYMBIO TRANSACTION, AMONG OTHERS
    • REAFFIRMS FY24 GUIDANCE
    • PLACEMENT PRICE COMMENCING AT A$3.55 PER SHARE
 
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