Ama Group Limited (AU:AMA) has released an update.
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AMA Group Limited has successfully concluded the retail portion of its accelerated entitlement offer, raising approximately $41 million, contributing to a total of $125 million when combined with the institutional placement. The offer saw 516 applications from eligible shareholders, with around 414 million new shares allocated, equating to about $17.4 million. Unsubscribed shares from the retail offer will be sold to institutional investors through a bookbuild process, with excess proceeds distributed to eligible participants.
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