By Sheri Kasprzak
New York, May 3 - SAI Global Ltd. has concluded an A$81 million private placement with a group of institutional and sophisticated investors.
The investors bought 27 million shares at A$3.00 each, a 3.8% discount to the five-day volume weighted average price of the company's stock.
Also, SAI said it has instituted a share purchase plan that allows its eligible shareholders to buy up to A$5,000 each in stock at A$3.00 each.
In other news, SAI completed its acquisition of ILI, a U.K-based publisher and database subscription services company.
Based in Sydney, Australia, SAI is a business publishing and training company.
| Issuer: | SAI Global Ltd.
|
| Issue: | Stock
|
| Amount: | A$81 million
|
| Shares: | 27 million
|
| Price: | A$3.00
|
| Warrants: | No
|
| Settlement date: | May 3
|
| Stock symbol: | Australia: SAI
|
| Stock price: | A$3.18 at close May 3
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
