Australia's Senetas at lowest in over 10 years after discounted placement

Senetas

27/11/2023 03:59

** Shares of Senetas Corp  SEN.AX  fall as much as 22.2% to
A$0.014, their lowest since Aug. 27, 2013
    ** Stock posts its biggest intraday pct fall since Jan. 25,
2016
    ** Data encryption hardware co launches partially
underwritten entitlement offer and placement to raise up to
about A$5 mln ($3.25 mln)
    ** Adds issue price at A$0.014 per share for every 4.86
shares held, plus 1 option for every 3 new shares subscribed
    ** Issue price represents a discount of 22.2% to its last
close on Nov. 22
    ** SEN was on a trading halt on Nov. 23 and Nov. 24
    ** About 2 mln shares change hands, vs the 30-day average
volume of about 300,000
    ** Stock has fallen 48.6% this year, as of last close


($1 = 1.5366 Australian dollars)

 (Reporting by Neha Soni in Bengaluru)
 ((Neha.Soni@thomsonreuters.com;))