EBOS announces opening of Retail Offer
| Stock | Ebos Group Ltd (EBO.ASX) |
|---|---|
| Release Time | 16 Apr 2025, 7:30 a.m. |
| Price Sensitive | Yes |
EBOS announces opening of Retail Offer
- EBOS opens A$50 million (NZ$54 million) non-underwritten retail offer
- New shares to be issued at lower of placement price or 5-day VWAP
- Offer open to eligible shareholders in Australia and New Zealand
EBOS Group Limited ('EBOS') is pleased to announce the opening of its non-underwritten retail offer to eligible existing shareholders in Australia and New Zealand to raise up to A$50 million (NZ$54 million), with the ability to accept oversubscriptions at EBOS' discretion. The retail offer is part of EBOS' broader equity raising, which also included a fully underwritten A$200 million (NZ$217 million) placement to fund the acquisition of SVS and remaining 10% stake in Transmedic. Under the retail offer, eligible shareholders can subscribe for up to NZ$100,000 (A$45,000) of new fully paid ordinary shares free of any brokerage, commission and transaction costs. The new shares will be issued at the lower of the placement price (NZ$36.65) and the five-day VWAP of EBOS shares traded through the NZX Main Board up to, and including, the close of the retail offer. The new shares will rank equally with existing EBOS ordinary shares and will be quoted on the NZX and ASX. The retail offer is structured to enable as many eligible shareholders as possible to apply for their pro rata share of the equity raising.