Patersons Securities were the lead managers on this placement and as a top 100 investor and a sophisticated investor, I can confirm that the placement has been over subscribed.
Whilst I know the amount raised and the number of new shares to be issued, unfortunately I can't disclose this at this time but rest assured, it is a good outcome and a strong vote of confidence in BKT
My requested allotment was scaled back by 5%
This all goes well for a strong start for the share price when the announcement is made and the shares relist.
BKT Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
