News: IVC Invocare Announces $150M Underwritten Institutional Placement Raising

April 14 (Reuters) - InvoCare Ltd (IVC) :

• RAISING $150M THROUGH AN UNDERWRITTEN INSTITUTIONAL PLACEMENT
• DEFERRING PAYMENT OF FY19 FINAL DIVIDEND UNTIL IMPACT AND DURATION OF COVID-19 BETTER UNDERSTOOD
• CONTINUING TO NEGOTIATE EXTENSION OF DEBT TRANCHE DUE TO MATURE IN FEBRUARY 2021
• FOLLOW-ON NON- UNDERWRITTEN SHARE PURCHASE PLAN WILL ALSO BE OFFERED
• ADVISES CHIEF FINANCIAL OFFICER, JOSÉE LEMOINE WILL BE DEPARTING COMPANY BEFORE END OF THIS CALENDAR YEAR
• PLACEMENT WILL BE CONDUCTED AT $10.40 PER NEW SHARE
• NEW SHARES ISSUED UNDER PLACEMENT WILL NOT PARTICIPATE IN A FY19 FINAL DIVIDEND