Australia's Pentanet falls on discounted placement

Pentanet

22/03/2024 03:01

** Shares of Pentanet  5GG.AX  fall as much as 8.5% to
A$0.075, their lowest since March 15
    ** The wireless telecommunications services says it will
raise A$4.28 mln ($2.80 mln)(before costs) at A$0.072 per share 
    ** Issue price represents a 12.2% discount to 5GG's last
close
    ** Stock up ~32% YTD as of last close 


($1 = 1.5309 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com))