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News: BSA BSA Announces A$15.5 Mln Capital Raise, H2 Earnings Guidance, CEO Change

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    06/04/22
    11:35
    Post #: 60682976

    April 6 (Reuters) - BSA Ltd (BSA) :

    • INSTITUTIONAL PLACEMENT AND ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE A$15.5 MILLION
    • NEW SHARES WILL BE ISSUED AT A PRICE OF A$0.10 PER SHARE
    • CEO TIM HARRIS STEPPING DOWN, TO BE REPLACED ON AN INTERIM BASIS BY ARNO BECKER
    • SEES 2H FY22 REVENUE GUIDANCE RANGE A$240M - A$260M
    • SEES 2H FY22 EBITDA GUIDANCE RANGE A$2M - A$4M
    • WITHDRAWS PREVIOUSLY STATED 3 YEAR REVENUE TARGET OF A$750M
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