Australian Vintage hits near 14-yr low on discounted capital raise

Australian Vintage

13/06/2024 02:26

** Shares of Australian Vintage  AVG.AX  fall as much as
44.9% to A$0.190, their lowest level since July 2010
    ** Wine and drinks co to raise A$15.0 mln ($9.99 mln)
through placement and entitlement offer
    ** Issue price of A$0.20 per share represents 36.1% discount
to stock's last close
    ** About 2.6 mln shares change hand compared to 30-day
average trading volume of 249,053 shares 
    ** Stock down 14.8% YTD as of last close
   


($1 = 1.5017 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))