News: AMT Allegra orthopaedics to issue up to 9.8 mln ordinary shares

March 10 (Reuters) - Allegra Orthopaedics Ltd (AMT) :

• Will issue up to 9.8 million ordinary shares in capital of the co (new shares) at an issue price of $0.125 (12.5 cents) per share
• New shares will be offered to eligible shareholders on basis of two new shares for every fifteen fully paid ordinary shares held
• Offer issue price of $0.125 (12.5 cents) per new share represents a 51.9% discount
• If fully subscribed, the offer will raise up to approximately $1.2 million before transaction costs