Australia's Wellfully hits 1-month low on discounted placement

Wellfully

13/10/2021 05:43

** Shares of Wellfully Ltd  WFL.AX  decline as much as 13.8%
to A$0.125, their lowest since Sept. 10 
    ** WFL, which is engaged in medical research, raises A$5
mln($3.67 mln) at A$0.13 per share  urn:newsml:reuters.com:*:nFWN2R813G
    ** Issue price represents a discount of 10.3% to Oct. 8
close
    ** Co issues up to 38.5 mln shares, representing 18.3% of
shares outstanding
    ** Stock set for worst session since Sept. 27
    ** About 3 mln shares change hands, 1.7 times the 30-day
average volume of 1.8 mln 
    ** Stock up 20.8% this year, as of Oct.8


($1 = 1.3631 Australian dollars)

 (Reporting by Aneetta Thomas in Bengaluru)
 ((Aneetta.Thomas@thomsonreuters.com;))