Shaw and Partners acted as Lead Manager to the capital raising by Apiam Animal Health News19 Apr 2021

Shaw and Partners was pleased to be appointed as Lead Manager to the capital raising by Apiam Animal Health.

 

The company successfully completed an Institutional Placement of 7.5 million fully paid shares at 80 cents per share, raising a total of $6.0 million.

 

Pricing for the Placement was determined via an institutional bookbuild with the Placement price of 80 cents representing a 5.9% discount to the last traded price of Apiam’s shares on 14th April 2021, and a 5.6% discount to the 10-day volume weighted average price of the Company’s shares.

 

The Placement saw strong support from institutional investors, improving the institutional representation on Apiam’s register. Funds raised will be used to accelerate the Company’s regional expansion plans, through investment in opening new greenfield clinics as well as strategic acquisitions, in accordance with Apiam’s ongoing acquisition program.

 

Dr Chris Richards, Managing Director of Apiam said “The rapid growth in pet and production animal ownership in regional corridors, particularly as a result of changing population demographics and favourable seasonal conditions, has presented a very exciting market opportunity for Apiam.”

 

“This placement will support us in accelerating our regional expansion plans and capturing the significant growth we are seeing in many veterinary areas. As an established regional player, Apiam is well placed to scale-up and leverage these opportunities as they emerge.”

 

The offer was available to Australian Sophisticated and Professional Investors only.

 

For more information please contact your Shaw and Partners Adviser.

 

About Apiam Animal Health Limited

Apiam Animal Health is positioned in the Australian market as a vertically integrated animal health business providing a range of products and services to Production and Mixed animals. Apiam Animal Health’s strategy is to service Production and Mixed animals throughout their lifecycle, including the provision of veterinary services, ancillary services, genetics, wholesale and retail of related products, together with technical services related to food-chain security.

Related Articles
News06 May 2021 Shaw and Partners Atlantic Crew charity dinner at North Bondi Surf Life Saving Club
A great night held at North Bondi Surf Life Saving Club last night supporting the Shaw and Partners Atlantic Crew (Sam Horsley, James Samuels, Rob Wells and Louis Hugh-Jones).    ... Read More
News05 May 2021 Private Wealth Adviser/Dealers Assistants positions at Shaw and Partners
Working as an integral part of our Adelaide Office Team, the primary role is to assist a team of experienced and successful Senior Investment Advisers. Duties include but are not l... Read More
News04 May 2021 Shaw and Partners appointed Co-Lead Manager to Aurora Healthcare IPO
Specialist healthcare provider Aurora Healthcare is seeking to raise up to $414.8 million at 19.7-times profit for its initial public offering.   Brokers Bank of America and UBS ... Read More
News28 Apr 2021 Shaw and Partners Brand Ambassadors Ali Day and Georgia Miller win the Australian Surf Life Saving Iron Titles
This year over 8,000 members from Australia’s 315 Surf Clubs came together to compete in more than 480 beach and ocean events at the Australian Surf Life Saving Championships held ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%