Australia's Proteomics Int'l Laboratories drops on discounted placement

Proteomics International Laboratories

23/01/2024 24:28

** Shares of Proteomics International Laboratories  PIQ.AX 
fall as much as 12.1% to A$0.800, on track for worst day since
March 15, 2023
    ** Medical technology co secured binding and irrevocable
commitments for A$6.5 mln ($4.27 mln) via an institutional
placement
    ** Placement at A$0.76/shr, representing a discount of 16.5%
to last close
    ** Adds Managing Director agreed to sell approximately 2.6
mln shares, representing 14% of his shareholding in co
    ** Around 667,156 shares change hands, compared with the
30-day average volume of 72,701 shares
    ** Stock has risen 1.7% this year as of last close
    
    
($1 = 1.5216 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((shivangi.lahiri@thomsonreuters.com))