AUB Group Limited (AU:AUB) has released an update.
AUB Group Limited has announced the successful completion of its Share Purchase Plan (SPP), with overwhelming shareholder support leading to A$49 million in valid applications, far surpassing the initial A$25 million target. Due to the high demand, allocations will be scaled back, and approximately A$25 million worth of shares will be issued at A$27.50 each, the same price offered to institutional investors, with trading to begin on July 8, 2024. The funds raised through the SPP will help AUB Group to boost its financial flexibility and support its strategic mergers and acquisitions.
For further insights into AU:AUB stock, check out TipRanks’ Stock Analysis page.
