A recap of what was announced two years ago when there was also a Capital Raising...
18 April 2011
ASX Release $28M Equity Capital Raising
Placement
A private placement to institutional and sophisticated investors of 16.5 million shares at 91 cents per share to raise $15 million has been completed. The placement was priced at a 5% discount to the Company's closing share price on 13 April. Settlement is expected to take place on 21 April 2011. Due to the strength of demand the placement was increased by 50% from an initial $10 million to $15 million.
A mix of Australian, Asian, European and North American institutions and sophisticated investors participated in the placement, which was heavily oversubscribed.
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How time's changed...
Read more here: http://asx.com.au/asxpdf/20110418/pdf/41y3gbl7d0stkn.pdf
CCU Price at posting:
18.9¢ Sentiment: Hold Disclosure: Held
