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Ridley Corporation Limited ( (AU:RIC) ) has provided an announcement.
Ridley Corporation Limited has announced a fully underwritten accelerated non-renounceable pro-rata entitlement offer to raise approximately A$90 million and a placement to institutional investors to raise an additional $35 million. The funds raised are not expected to alter the company’s control structure, as the largest shareholder, AGR Agricultural Investments LLC, will maintain its current proportional stake.
More about Ridley Corporation Limited
Ridley Corporation Limited is a company operating in the agriculture industry, primarily focused on producing animal nutrition solutions and feed products. The company serves markets in Australia and New Zealand, catering to livestock producers and agricultural businesses.
YTD Price Performance: -12.08%
Average Trading Volume: 405,813
Technical Sentiment Signal: Hold
Current Market Cap: A$735.9M
For detailed information about RIC stock, go to TipRanks’ Stock Analysis page.