Australia's Top Shelf International hits record low on discounted placement

Top Shelf International Holdings

27/02/2023 01:15

** Shares of Top Shelf International Holdings Ltd  TSI.AX 
fall as much as 8.9% to an all-time low of A$0.920 
    ** Spirit maker secures firm commitments to undertake
placement to raise approximately A$10.0 mln ($6.73 mln)
    ** Says new shares under offer will be issued at a price of
A$0.80 per new share
    ** Placement is at a discount of 20.8% to stock's last close
    ** Stock posts biggest intraday pct fall since June 20, 2022
    ** Shares of co down 26.1% YTD, as of last close   


($1 = 1.4852 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))