Total
0
Shares
Market Herald logo

Subscribe

Be the first with the news that moves the market
InvoCare Limited has successfully completed its share purchase plan (SPP).
The SPP received great support from shareholders and was oversubscribed with applications which totalled approximately $29.7 million.
However, to comply with terms and conditions, InvoCare has agreed to reduce applications to a total of $22.8 million. All applications that exceeded $10,000 were scaled back to under that amount. 
The price of the SPP Offer has been set at $14.00 per share.
Following the completion of the share purchase plan, InvoCare has raised a combined total of about  $88 million.
We are delighted with the strong support shown by participants in the SPP, following the successful completion of the Institutional Placement last month. We continue to be excited by the outlook for our business and thank our shareholders for their continued support,” CEO of InvoCare, Martin Earp, said.
New Shares will be issued under the share purchase plan on Thursday 11 April 2019. Trading on the ASX will commence on Friday 12 April 2019. On the following Monday (15 April), applicable holding statements and refunds will be dispatched.
Please find the announcement attached.
IVC by the numbers
More From The Market Herald

" Roto-Gro (ASX:RGI) files three international patent applications

Roto-Gro International’s (RGI) subsidiary has filed three international applications under the patent cooperation treaty.
Aussie Broadband (ASX:ABB) - Managing Director, Phillip Britt

" Aussie Broadband (ASX:ABB) confirms takeover talks with Over The Wire (ASX:OTW)

In response to an article by The Australian, Aussie Broadband (ABB) has confirmed it is in discussions with Over The Wire (OTW) regarding

" GWA Group (ASX:GWA) completes extension of syndicated banking facility

GWA Group (GWA) has successfully extended its syndicated banking facility.

" Downer (ASX:DOW) refinances $1.4b loan facility

Downer EDI Limited (DOW) has refinanced the group’s inaugural $1.4 billion sustainability linked loan facility, which was established in December 2020.