SVW 1.86% $36.95 seven group holdings limited

News: SVW Seven Group Announces $500M Underwritten Equity Raising

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    April 19 (Reuters) - Seven Group Holdings Ltd (SVW) :

    • SEVEN GROUP ANNOUNCES $500M UNDERWRITTEN EQUITY RAISING
    • EQUITY RAISING UNDERTAKEN TO REDUCE OVERALL NET DEBT FROM $2.6 BILLION TO $2.1 BILLION
    • NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE ABOUT $50 MILLION
    • TO ISSUE 22.2 MILLION SHARES IN PLACEMENT TO INSTITUTIONAL INVESTORS AT ISSUE PRICE OF $22.50PER SHARE
 
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