6 February 2013 Placement Queensland based listed child care operator G8 Education Limited (ASX: GEM) today announced that it has successfully completed a Placement to institutions and professional investors of 24,137,931 G8 Education shares at $1.45 to raise $35 million. The issue has been managed in Australia by Petra Capital and internationally by Canaccorde Genuity. G8 Education’s managing director, Chris Scott, said, ‘This is an excellent result for both investors and for G8. The Placement was significantly oversubscribed. We appreciate this external endorsement of G8’s performance and acquisition strategy’. He noted that the moneys raised through the placement will be used to fund future acquisitions of additional child care centres
GEM Price at posting:
$1.64 Sentiment: Buy Disclosure: Held
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