IEL idp education limited

News: IEL IDP Education Launches Equity Capital Raising

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    April 1 (Reuters) - IDP Education Ltd (IEL) :

    • LAUNCHES EQUITY CAPITAL RAISING COMPRISING A FULLY UNDERWRITTEN A$175 MILLION INSTITUTIONAL PLACEMENT
    • ALSO LAUNCHES A NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A$15 MILLION
    • PLACEMENT OF NEW FULLY PAID ORDINARY SHARES IN IDP WILL BE CONDUCTED AT A$10.65/NEW SHARE
    • RAISING CAPITAL TO ENSURE IDP CAN NAVIGATE CURRENT COVID-19 UNCERTAINTY WITH STRONG BALANCE SHEET
    • ENGLISH LANGUAGE TESTING SCHOOLS IN CAMBODIA,VIETNAM MOVED TO ONLINE; TEMPORARY CLOSURES, REDUCED VOLUMES WILL IMPACT SHORT TERM REVENUE
    • REDUCTION IN STAFF COSTS THROUGH REDUCTION OF BOARD FEES AND SENIOR STAFF SALARY, USE OF PAID LEAVE, AMONG OTHERS
    • SELECTIVE REDUCTION IN MARKETING AND PROMOTIONAL SPEND
    • AS A RESULT OF COVID-19 DISRUPTIONS, IDP HAS ACTED TO SECURE A$40 MILLION IN OPERATIONAL EXPENDITURE SAVINGS ACROSS NEXT SIX MONTHS
    • CANCELLATION OF EMPLOYEE TRAVEL IN-LINE WITH COVID-19 RESTRICTIONS
    • IDP HAS ALSO DEFERRED NON-ESSENTIAL CAPEX
    • POST INITIATIVES IDP EXPECTS TO HAVE AN AVERAGE OVERHEAD RUN RATE OF ABOUT A$18 MILLION PER MONTH
 
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(20min delay)
Last
$4.85
Change
0.070(1.46%)
Mkt cap ! $1.349B
Open High Low Value Volume
$4.78 $4.88 $4.76 $8.028M 1.663M

Buyers (Bids)

No. Vol. Price($)
1 2832 $4.85
 

Sellers (Offers)

Price($) Vol. No.
$4.86 16488 2
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Last trade - 16.10pm 21/08/2025 (20 minute delay) ?
IEL (ASX) Chart
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