Select Harvests Launches A$80M Capital Raise

Select Harvests (AU:SHV) has released an update.

Select Harvests Limited has announced a major capital raise through a non-renounceable entitlement offer and a placement, aiming to generate a total of A$80 million. The offer allows shareholders to purchase 1 new share at A$3.80 for every 9.2 they own, a discount from the recent trading price, with funds intended for debt repayment, facility upgrades, and covering transaction costs. Eligible Retail Shareholders also have the option to apply for additional shares through a ‘Top Up Facility’, with the offer period closing on October 10, 2024.

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