Australia's IMEXHS Ltd falls most in 3 months on discounted placement

ImExHS

11/03/2024 24:17

** Shares of IMEXHS Ltd  IME.AX  fall as much as 7.7% to
A$0.6, their biggest intraday pct drop since Dec 8, 2023
    ** Stock at its lowest level since Dec 13, 2023
    ** The medical imaging software provider receives binding
commitments for A$1.25 mln ($828,000) via placement
    ** Placement at issue price of A$0.55 per share,
representing discount of 15.4% to stock's last closing
    ** Issue of 2.7 mln shares represent ~0.1% of co's free
float of 42.7 mln shares - LSEG data
    ** Stock down 3% YTD, as of last close   

    ($1 = 1.5097 Australian dollars)

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))