Brief: PSC Insurance Receives Binding Commitments For Capital Raising Of 17.8 Mln Shares

PSC Insurance

11/03/2022 01:19

March 11 (Reuters) - PSC Insurance Group Ltd  PSI.AX :
    * PSC INSURANCE GROUP LTD - RECEIVED BINDING COMMITMENTS FOR
A
CAPITAL RAISING VIA A PLACEMENT OF 17.8 MILLION FULLY PAID
ORDINARY SHARES
    * PSC INSURANCE GROUP LTD - FUNDS WILL BE USED OVER TIME TO
ASSIST
WITH FUNDING OF ACQUISITIONS IN ACCORDANCE WITH GROWTH STRATEGY
    * PSC INSURANCE GROUP LTD -  CAPITAL RAISING TO RAISE A$80
MILLION
AT A$4.50 PER SHARE
    * PSC INSURANCE GROUP LTD - RECENTLY UPGRADED DEBT
FACILITIES HAVE
ABOUT A$90M IN AVAILABLE LIMITS

Source text for Eikon:  ID:nASX2V80Bx 
Further company coverage:  PSI.AX 

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