Ama Group Limited (AU:AMA) has released an update.
AMA Group Limited has successfully completed the Retail Shortfall Bookbuild, a key phase of its Equity Raising, selling about 564.3 million New Shares at $0.042 each, which were not taken up during the retail entitlement offer. These newly issued shares are scheduled to be allotted and begin normal trading on the ASX in mid-August, with equal standing to existing shares. This move is expected to bolster the company’s financial position, with no proceeds going to shareholders who did not fully exercise their retail entitlements.
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