GR Engineering Services Completes AU$10 Million Share Purchase Plan
MT Newswires Live
Sep 29
GR Engineering Services (ASX:GNG) raised AU$10 million through a share purchase plan that closed on Sept. 23, according to a Tuesday filing with the Australian bourse.
The plan was supported with AU$32.5 million of valid applications from 1,337 eligible shareholders, representing a participation rate of 23.6%. As applications exceeded the AU$10 million target, the company undertook a scale-back on a pro rata basis, per the filing.
Under the plan, about 1.6 million new shares will be issued on Sept. 30, priced at AU$6.10 each.
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