Brief: Matrix Composites & Engineering Announces A$20.2 Million Equity Raising

Matrix Composites & Engineering

28/02/2023 23:05

March 1 (Reuters) - Matrix Composites & Engineering Ltd
 MCE.AX :
    * ANNOUNCES A$20.2 MILLION EQUITY RAISING
    * 1 FOR 2.95 PRO-RATA ACCELERATED NON-RENOUNCEABLE
ENTITLEMENT
OFFER TO RAISE ABOUT A$13.9 MILLION
    * NEW SHARES OFFERED UNDER ENTITLEMENT OFFER WILL BE ISSUED
AT
PRICE OF A$0.28 PER NEW SHARE
    * REVENUE IS EXPECTED TO SUBSTANTIALLY INCREASE TO AT LEAST
A$33.5
MILLION FOR SECOND HALF FY23

Source text for Eikon:  ID:nASXcgGjwl 
Further company coverage:  MCE.AX 

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