EBOS completes $200m discounted placement
Make us a preferred source
Make us a preferred source on Google
The news: Medical product wholesaler and distributor EBOS has completed a $200 million equity placement.
The numbers: The issue price of NZD36.65 represented a 5% discount to the last closing price on the NZX of NZD38.56 per share.
EBOS also intends to conduct a retail offer to eligible existing shareholders to raise up to $50 million.
The context: Dual-listed EBOS said the placement was strongly supported by a range of existing and new investors across New Zealand, Australia and offshore.
The company noted that the new funds will support its recent acquisition of veterinary wholesaler SVS Veterinary Supplies and the buyout of Southeast Asian medical device distributor Transmedic.
Any additional funds will provide further balance sheet capacity for future growth opportunities, EBOS said.
The source: ASX
