Australia's Uscom declines most in 6 months on discounted placement
22/11/2021 24:36
** Shares of Uscom Ltd UCM.AX decline as much as 11.5% to
A$0.115, post their worst intraday session since May 20
** The medical devices maker to offer new shares under a
pro-rata non-renounceable rights issue at A$0.11 each
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** Issue price represents 15.4% discount as of Friday's last
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** Expects rights issue to raise about A$5.17 mln ($3.74
mln) (before costs, if fully subscribed
** About 92,023 shares change hands, 1.4x the 30-day average
volume of 63,465; down 18.8% so far this year
($1 = 1.3818 Australian dollars)
(Reporting by Aneetta Thomas in Bengaluru)
((Aneetta.Thomas@thomsonreuters.com;))
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