By Laura Lutz
Des Moines, April 4 - Aevum Ltd. closed an oversubscribed private placement of shares for A$40.02 million.
The company sold 14.5 million shares at A$2.76 each, a 5% discount to the shares' closing price of C$2.90 on April 3.
Subscribers were existing institutional shareholders and more than 20 new instiutional investors.
ABN Amro Morgans Corporate Ltd. was lead manager and bookrunner to the placement with Ord Minnett and SHAW Stockbroking acting as co-lead managers.
Proceeds will be used for acquisitions and for the development of the Cardinal Freeman village in Ashfield, Sydney.
Aevum is a Sydney, Australia-based retirement living company.
| Issuer: | Aevum Ltd.
|
| Issue: | Shares
|
| Amount: | A$40.02 million
|
| Shares: | 14.5 million
|
| Price: | A$2.76
|
| Warrants: | No
|
| Agents: | ABN Amro Morgans Corporate Ltd. (lead), Ord Minnett (co-lead), SHAW Stockbroking (co-lead)
|
| Settlement date: | April 4
|
| Stock symbol: | Australia: AVE
|
| Stock price: | A$3.05 at close April 4
|
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