Australia's Wide Open Agriculture falls most in over a year on discounted placement

Wide Open Agriculture

29/11/2021 24:09

** Shares of agriculture co Wide Open Agriculture  WOA.AX 
fall as much as 10.6% to A$0.760, set for their worst day since
Oct. 7, 2020
    ** Co receives binding commitments to raise A$20 mln ($14.28
mln) through placement of about 26.7 mln shares to speed its
transition into plant-based product manufacturing  urn:newsml:reuters.com:*:nGLF2ppM2W
    ** Issue price of A$0.75 per shares represents a 11.8%
discount to WOA's last closing price
    ** New shares represent 26.6% of shares on issue
    ** WOA shares hit their lowest since Nov. 19
    ** Volumes are 6.3 times the 30-day average of 100,253
shares
    ** As of last close, stock down 4.5% this year

($1 = 1.4006 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))