Megaport Opens AU$309 Million Retail Component of Entitlement Offer at AU$14.30 Per Share
MT Newswires Live
Jun 11
Megaport (ASX:MP1) said the retail component of its fully underwritten one-for-3.08 pro rata accelerated non-renounceable entitlement offer has opened, expected to raise about AU$309 million at AU$14.30 per share, the same price and ratio applied to the institutional component, which raised about AU$518 million, according to a Thursday Australian bourse filing.
The company said eligible retail shareholders who take up their full entitlement are also offered the opportunity to apply for up to 50% additional new shares in excess of their entitlement at the offer price, with the retail entitlement offer expected to close on June 29.
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