Brief: Medical Developments International Announces A$30M Capital Raise

Medical Developments International

04/08/2022 01:29

Aug 4 (Reuters) - Medical Developments International Ltd
 MVP.AX :
    * ANNOUNCES A$30M CAPITAL RAISE AND FY22 GUIDANCE
    * ANNOUNCES A$30M CAPITAL RAISE
    * FY22 UNDERLYING REVENUE OF A$22.4M, REPRESENTING STRONG
GROWTH
OF 37%.
    * STRONG REVENUE GROWTH TRAJECTORY IS EXPECTED TO CONTINUE
INTO
FY23
    * FUNDS RAISED IN CAPITAL RAISING WILL BE PRIMARILY USED TO
DRIVE
MVP'S AU BUSINESS EXPANSION, AMONG OTHERS
    * PRELIM FY22 UNDERLYING EBIT LOSS OF A$14.7 MILLION
    * 1 FOR 9.5 PRO-RATA ACCELERATED NON-RENOUNCEABLE
ENTITLEMENT
OFFER OF NEW SHARES IN MVP UNDER ENTITLEMENT OFFER

Source text for Eikon:  ID:nASX8VpPG2 
Further company coverage:  MVP.AX 

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