Australia's Frugl Group slides on discounted share purchase plan

Infocus group

31/01/2022 04:40

** Shares of Frugl Group Ltd  FGL.AX  drop as much as 11.5%
to A$0.023, their biggest intraday pct fall since Dec 2 
    ** The retail analytics firm initiates a share purchase plan
to raise about A$1.1 mln ($770,660) at A$0.02 apiece
 urn:newsml:reuters.com:*:nASX7Mgz71
    ** Issue price represents a discount of 23.1% to stock's
last close 
    ** Trading volumes match the 30-day avg at 388,783 vs
386,765
    ** Stock up 18.2% this year, as of last close

    ($1 = 1.4273 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))