Australia's PM Capital Global skids on discounted placement

PM Capital Global Opportunities Fund

01/08/2024 03:42

** Shares of PM Capital Global  PGF.AX  fall as much as 3%
to A$2.270, set to drop most since Feb. 8 - if current losses
hold
    ** Investment co says it will raise A$135 mln ($88.14 mln)
via placement at an issue price of A$2.19 per share
    ** Co says issue price is at a 6.4% discount to stock's last
close
    ** Says proceeds will be invested in line with existing
investment strategy
    ** Stock hits its lowest level since July 23
    ** Stock up 22.8% this year, as of last close

($1 = 1.5316 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))