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Kelly Partners Group Holdings Ltd. ( (AU:KPG) ) just unveiled an announcement.
Kelly Partners Group Holdings Ltd announced a private share placement with 41 of its Operating Partners, marking its first capital raising since its 2017 IPO. This move allows Operating Partners to invest in the company and share in its long-term growth, with the issuance of 374,957 shares at a 4.8% premium, raising $4,177,021. The placement increases Operating Partners’ ownership to approximately 9% of the company, reflecting a strategic effort to align interests and enhance stakeholder value.
More about Kelly Partners Group Holdings Ltd.
Kelly+Partners Group Holdings Ltd is a specialist chartered accounting network founded in 2006, providing services to private clients, businesses, and families. The company has expanded from two initial offices to 37 operating businesses across Australia, Hong Kong, and the United States, serving over 23,000 SME clients. Listed on the ASX in 2017, Kelly+Partners has a unique operating model that supports sustainable growth in the accounting sector.
Average Trading Volume: 56,094
Technical Sentiment Signal: Buy
Current Market Cap: A$479.5M
Learn more about KPG stock on TipRanks’ Stock Analysis page.