Australia's Rent.com.au sees best day in over 5-1/2 yrs on premium share placement

Rent.com.au

02/02/2021 02:05

** Shares of property rental website Rent.com.au  RNT.AX 
rise as much as 167.4% to A$0.115, poised for best session since
June 23, 2015
    ** Co says it received commitment to raise as much as A$2.8
mln ($2.14 mln) through issue of up to 55 mln shares at A$0.05
apiece  urn:newsml:reuters.com:*:nASN000S83
    ** RNT says internet services entrepreneur and WAM Microcap
 WMI.AX  investor Bevan Slattery has invested A$2 mln in co at
placement price of A$0.05 per share
    ** Stock hits highest since Nov 17, 2016
    ** The offer price represents a 16.3% premium to RNT's last
close for 18.2% of co's outstanding shares
    ** More than 35.9 mln shares change hands, nearly 83 times
the 30-day average volume
    ** Stock has fallen 10.4% this year as of last close, vs a
9.4% fall in 2020
    



($1 = 1.3079 Australian dollars)

 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))