Australia's WAM Microcap eyes worst day in nearly 7 wks on discounted placement

Wam Microcap

02/04/2024 01:44

** Shares of WAM Microcap  WMI.AX  fall as much as 3% to
A$1.475, on track for their worst day since Feb. 15, if losses
hold
    ** Stock hits lowest level since March 8 
    ** Investment co to raise A$75.0 mln ($48.64 mln) through
share purchase plan and placement
    ** Issue price of A$1.455 per share represents a 4.3%
discount to stock's last close 
    ** Stock up 8.6% YTD as of last close 
   


($1 = 1.5420 Australian dollars)

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