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Collins Foods Announces Successfully Completes $44.1m Entitlement Offer

14 Jul 2017  |  09:38:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successfully Completes $44.1m Entitlement Offer

Collins Foods announced the successful completion of the retail component (Retail Entitlement Offer) of its fully underwritten 1 for 11 accelerated non-renounceable entitlement offers (Entitlement Offer). Completion of the Retail Entitlement Offer represents the second stage of the Company $44.1m equity raising, announced on 26 June 2017. The institutional component of the entitlement offer closed on 27 June 2017, as announced by the Company on the ASX on 27 June 2017 and raised $25.9m. The Retail Entitlement Offer raised $18.3m and was supported by the Company's retail shareholders. It received valid applications from Eligible Retail Shareholders for 3.0m shares ($13.5m) representing 74% of the Retail Entitlement Offer.

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