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Coventry Group Limited ( (AU:CYG) ) has provided an update.
Coventry Group Limited has announced a non-renounceable entitlement offer to raise approximately $20 million through the issuance of new shares at $0.60 each. This move is aimed at strengthening the company’s financial position and supporting its operational strategies. The offer is not underwritten and is available only to eligible shareholders in Australia and New Zealand, with a closing date set for October 6, 2025. The announcement highlights the importance of reviewing the offer booklet in its entirety, considering the associated risks and consulting professional advisers before making investment decisions.
The most recent analyst rating on (AU:CYG) stock is a Buy with a A$1.02 price target. To see the full list of analyst forecasts on Coventry Group Limited stock, see the AU:CYG Stock Forecast page.
More about Coventry Group Limited
Coventry Group Limited operates in the industrial sector, focusing on the distribution of industrial products and services. The company primarily deals in the supply of fasteners, fluid systems, and other industrial solutions, targeting markets in Australia and New Zealand.
Average Trading Volume: 33,974
Technical Sentiment Signal: Sell
Current Market Cap: A$93.56M
Learn more about CYG stock on TipRanks’ Stock Analysis page.