Brief: Aussie Broadband Says Fully Underwritten Institutional Placement To Raise A$120 Million

Aussie Broadband

02/11/2023 01:13

Nov 2 (Reuters) - Aussie Broadband Ltd  ABB.AX :
    * FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE A$120
MILLION
    * NON-UNDERWRITTEN SHARE PURCHASE PLAN TO RAISE UP TO A
FURTHER
A$20 MILLION
    * PROCEEDS WILL BE USED TO STRENGTHEN, POTENTIAL M&A AND
PROPOSED
SYMBIO TRANSACTION, AMONG OTHERS
    * REAFFIRMS FY24 GUIDANCE
    * PLACEMENT PRICE COMMENCING AT A$3.55 PER SHARE

Source text for Eikon:  ID:nASX2fPK1N 
Further company coverage:  ABB.AX