Australia's Duxton Farms slips on upsizing placement at discount

Duxton Farms

30/06/2025 03:45

** Duxton Farms DBF.AX falls as much as 7.4% to A$1.250; marks weakest intraday session since June 2

** Farmland operator announces increasing supply of shares to now raise A$4.6 mln (~$3 mln) from A$4 mln earlier

** Issue price of A$1.25 represents 7.4% discount to last close

** Co says placement upsized due to increased demand, other factors

** Stock sees busiest day since April 7, with more than 588,000 shares traded - 47.3x the 30-day avg

** DBF last down 1.1%, trimming monthly gains to 3.1%

($1 = A$1.5293)

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))