Australia's Hiremii slides on discounted placement
10/01/2022 01:34
** Shares of Hiremii Ltd HMI.AX drop as much as 3.9% to
A$0.049, their worst fall since Dec 24
** Hiremii to raise A$800,000 through a placement and an
additional A$800,000 through a share purchase plan (SPP) as the
recruitment firm plans to expand its business urn:newsml:reuters.com:*:nASX8kd1v
** Co to issue about 17.9 mln new shares under the
two-tranche placement, making up nearly 40% of its free float
** New shares under the placement are priced at A$0.0447
apiece, while shares under the SPP are priced at A$0.045
** Issue prices represent discounts of 12.4% and 11.8%,
respectively, to stock's last close on Jan 5, after which
trading was halted
** Stock at its lowest level since Dec 31
** About 279,395 shares change hands, vs the 30-day avg
volume of 269,546
** Stock down 64.8% since IPO debut on May 11, as of last
close
(Reporting by Yamini C S)
((Yamini.CS@thomsonreuters.com;))