Australia's WAM Leaders falls most in about a year on discounted placement

Wam Leaders

14/04/2023 03:45

** Shares of WAM Leaders Ltd  WLE.AX  dip as much as 6% to
A$1.495, their biggest intraday pct loss since June 14, 2022
    ** The investment co announces completion of A$131.0 mln 
($88.88 mln) placement of new fully ordinary shares 
    ** Issue price of A$1.48 per share is at a 6.9% discount to
last close on April 11
    ** Shares hit lowest since March 22
    ** Stock down 4.4% this week, on track for worst week since
March 10 if losses hold 
    ** WLE stock up 8.5% YTD as of last close
    
    


($1 = 1.4738 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))