Brief: Nick Scali Says Entry Into Uk Market, Acquisition And Equity Raising
24/04/2024 01:25
April 24 (Reuters) - Nick Scali Ltd NCK.AX :
* ENTRY INTO UK MARKET, ACQUISITION AND EQUITY RAISING
* ACQUISITION AND ADDITIONAL INVESTMENT WILL BE FUNDED BY A
A$46.0M PLACEMENT AND A A$4.0M CONDITIONAL PLACEMENT
* NON-UNDERWRITTEN SPP TO RAISE UP TO A$10.0 MILLION
* ACQUIRE FABB FURNITURE FOR £2.00 AND ALL OF SECURED DEBT
OWED BY
FABB FURNITURE FOR £3.5M
Further company coverage: NCK.AX
Recent news on Nick Scali
See all newsAustralia's Nick Scali shares sink to near 3-year low as weak housing market hits profit view
Jefferies cuts PT on Nick Scali as housing weakness weighs on earnings
Brief: Nick Scali Expects HY Underlying Group Net Profit After Tax Of A$28-A$32 Million
Australia's consumer stocks lag in August earnings season, Jefferies says
Australian furniture retailer Nick Scali slips after security incident