Shaw and Partners appointed Lead Manager to an equity capital raising by Spirit Telecom Limited News09 Apr 2020

Shaw and Partners is pleased to be appointed as Lead Manager to an equity capital raising by Spirit Telecom Limited (ASX: ST1).

 

Spirit Telecom is seeking to raise up to $10.0 million through a two tranche placement of approximately 90.9 million new ordinary fully paid shares at $0.11 per security. Tranche 1: Unconditional placement of 78.8m shares to raise approx. $8.7 million. Tranche 2: Conditional placement of up to 12.2m shares to raise up to approx. $1.3 million subject to shareholder approval.

 

New shares issued under the Placement will rank pari passu with existing securities.

 

The offer price of $0.11 per security represents a 21.4% discount to Spirit's last close of $0.140 and a 18.4% discount to its five-day VWAP of $0.136 (at 8 April 2020).

 

Spirit Telecom Limited is a leading provider of highspeed internet & IT / MSP services to SMB’s and essential industries such as hospitals, schools, aged care & government.

 

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

 

For more information please contact your Shaw and Partners Adviser.

 

Related Articles
News18 Nov 2020 Shaw and Partners raids Wilsons private wealth team
Shaw and Partners is going to need a few more desks in its Sydney office.   Street Talk understands the stockbroking and advisory firm has raided Wilsons' private wealth arm, sna... Read More
News16 Nov 2020 Shaw and Partners appointed as Joint Lead Manager to the NAB Capital Notes 5 offer
National Australia Bank Limited (NAB) today announced its intention to raise $750 million through the offer of NAB Capital Notes 5 (NCN5), with the ability to raise more or less. N... Read More
News16 Nov 2020 Liberty Financial fronts funds for $1.8b float. Shaw and Partners appointed Co-Manager to the raising.
Look what the cat dragged in!   After more than 15 years in the initial public offering pipeline - and with the market trading at 20-times forward profit and float window wide op... Read More
News13 Nov 2020 Shaw and Partners extends its sponsorship of Women's National Basketball League Adelaide Lightning
Shaw and Partners is delighted to have extended its sponsorship of Women's National Basketball League (WNBL) team Adelaide Lightning for an additional three years.  The sponsorship... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%