Australia's FBR eyes worst day in a week on discounted placement

FBR

26/11/2021 24:53

** Shares of robotics co FBR Ltd  FBR.AX  fall as much as
5.7% to A$0.050, on track for their worst session since Nov. 19
    ** Co announces completion of A$10 mln ($7.17 mln) placement
to fund working capital and continue commercialisation pathway
 urn:newsml:reuters.com:*:nASX5DhfbJ
    ** Issue price of 4.5 Australian cents/share represents a
discount of 15.1% to stock's last close on Nov. 23
    ** Co issued about 222.2 mln shares, representing 13.6% of
co's free float
    ** Stock was on trading halt since Nov. 23; stock has risen
17.8% this year, as of last close

($1 = 1.3941 Australian dollars)

 (Reporting by Jaskiran Singh in Bengaluru)
 ((Jaskiran.Singh@thomsonreuters.com;))