IPH Ltd. (AU:IPH) has released an update.
IPH Ltd. has launched a Share Purchase Plan (SPP) allowing eligible Australian and New Zealand shareholders to buy up to $30,000 worth of shares without transaction costs, capped at $25 million. This comes on the heels of a $100 million institutional placement and is aimed at funding the acquisition of Bereskin & Parr and reducing debt. Shareholders are advised to consult the SPP Booklet and professional advice for participation details.
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