Brief: Acrow Announces Launch Of Underwritten Capital Raise To Fund Acquisitions
Today 02:50
BRIEF-Acrow Announces Launch Of Underwritten Capital Raise To Fund Acquisitions June 18 (Reuters) - Acrow Ltd ACF.AX:
LAUNCH OF UNDERWRITTEN CAPITAL RAISE TO FUND ACQUISITIONS
LAUNCHES A$70 MILLION FULLY UNDERWRITTEN PLACEMENT TO FUND ACQUISITIONS
TO BUY AUSGROUP INDUSTRIAL SERVICES AND PRESTON SUPERDECK FOR A$54.5 MILLION
FY27 REVENUE GUIDANCE UPGRADED BY 21%, EBITDA GUIDANCE BY 15%
PLACEMENT WILL BE ISSUED AT OFFER PRICE OF A$0.85 PER SHARE
DIVIDEND PAYOUT POLICY GOING FORWARD WILL TARGET A RANGE OF 25% TO 40% OF UNDERLYING NPAT
Further company coverage: ACF.AX
((Reuters.Briefs@thomsonreuters.com;))
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