Brief: Hancock & Gore Says Mountcastle To Merge With Schoolblazer & Raises Equity

Schoolblazer

03/09/2024 02:09

Sept 3 (Reuters) - Hancock & Gore Ltd  HNG.AX :
    * MOUNTCASTLE TO MERGE WITH SCHOOLBLAZER LIMITED AND EQUITY
RAISING
    * ENTERED A BINDING AGREEMENT WITH SCHOOLBLAZER LIMITED
    * ENTERED BINDING AGREEMENT TO ACQUIRE 100% OF SCHOOLBLAZER
FOR
EQUITY VALUE OF £31M
    * UNDERTAKING EQUITY RAISING BY WAY OF INSTITUTIONAL
PLACEMENT TO
RAISE A$15M
    * NEW SHARES AT TARGET ISSUE PRICE OF A$0.30 PER SHARE
    * EXPECTATION OF DECLARING 1 AU CENT PER SHARE DIVIDEND IN
NOVEMBER

Further company coverage:  HNG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))