NZX Corporate Action Notice

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Stock Ebos Group Ltd (EBO.ASX)
Release Time 10 Apr 2025, 5:08 p.m.
Price Sensitive Yes
 EBOS Group Announces Equity Raising and Acquisitions
Key Points
  • Equity raising of up to NZ$217 million via a Placement and Retail Offer
  • Funds to be used for acquisitions of SVS Veterinary Supplies and Transmedic Pte Ltd
  • Placement fully underwritten by UBS New Zealand Limited
Full Summary

EBOS Group Limited (EBO.ASX) has announced an equity raising of up to NZ$217 million to fund the acquisitions of SVS Veterinary Supplies and the remaining 10% stake in Transmedic Pte Ltd. The equity raising will comprise a Placement of up to 5,926,876 new shares at NZ$36.65 per share to raise up to NZ$217 million, and a Retail Offer of up to NZ$100,000 per New Zealand shareholder and A$45,000 per Australian shareholder. The Placement is fully underwritten by UBS New Zealand Limited, who will receive a fee of 1.6% of the gross proceeds raised, and potentially an additional incentive fee of up to 0.3%. The Retail Offer is not underwritten. Existing shareholders and related parties will be eligible to participate in both the Placement and Retail Offer. The funds raised will be used to fund the acquisitions of SVS Veterinary Supplies and the remaining 10% stake in Transmedic Pte Ltd, with any excess funds providing additional balance sheet capacity for future growth opportunities.