Acrow AU$10 Million SPP Fully Underwritten After Strong Institutional Demand

MT Newswires Live

Jun 24

Acrow (ASX:ACF) has confirmed its AU$10 million share purchase plan (SPP), launched on June 18, has been fully underwritten by Morgans Corporate and Shaw and Partners following strong support from institutional investors, according to a Wednesday Australian bourse filing.

The company said that any shares issued to cover the SPP shortfall will require shareholder approval at an extraordinary general meeting expected to be held around July 28, per the filing.

Eligible shareholders in Australia and New Zealand on June 17 will be invited to participate in the SPP, with the booklet and application details expected on or about June 29, the filing added.

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