Australia's Schoolblazer slips to over four-decade low on discounted placement

Schoolblazer

Tue 24:03

** Shares of Schoolblazer SBZ.AX fall as much as 13% to A$0.100, their lowest level since July 19, 1983
** Stock logs its largest intraday pct loss since October 12
** The school uniform supplier to raise A$5.325 million($3.74 million) via placement at an issue price of A$0.10 per New Share
** Placement issue price represents a discount of 13% to stock's last close
** YTD, Schoolblazer stock down 53.4%

($1 = 1.4253 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))