Brief: BSA Announces A$15.5 Mln Capital Raise, H2 Earnings Guidance, CEO Change

BSA

06/04/2022 02:31

April 6 (Reuters) - BSA Ltd  BSA.AX :
    * INSTITUTIONAL PLACEMENT AND ACCELERATED NON-RENOUNCEABLE
ENTITLEMENT OFFER TO RAISE A$15.5 MILLION
    * NEW SHARES WILL BE ISSUED AT A PRICE OF A$0.10 PER SHARE
    * CEO TIM HARRIS STEPPING DOWN, TO BE REPLACED ON AN INTERIM
BASIS
BY ARNO BECKER
    * SEES 2H FY22 REVENUE GUIDANCE RANGE A$240M - A$260M
    * SEES 2H FY22 EBITDA GUIDANCE RANGE A$2M - A$4M
    * WITHDRAWS PREVIOUSLY STATED 3 YEAR REVENUE TARGET OF
A$750M

Source text for Eikon:  ID:nASX5RgDTX 
Further company coverage:  BSA.AX 

 ((Reuters.Briefs@thomsonreuters.com;))