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Hansen Technologies Announces Completion of Placement

04 Jul 2017  |  09:43:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Completion of Placement

Hansen Technologies announced the successful completion of its A$40m institutional placement (Placement) of new FPO shares (New Shares) at A$3.70 per share. Funds from the equity raising will be used to partially fund the acquisition by the Company of Enoro Holdings A/S and for working capital purposes. The Placement will result in the issue of 10.8m new shares will rank equally with existing Company's shares. As announced on 3 July 2017, it will undertake a Share Purchase Plan (SPP) that will offer eligible shareholders the right to participate in an SPP that will enable shareholders to apply for up to $5000 of shares at the same price as the Placement.

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