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Collins Foods Announces Successfully Completes Institutional Entitlement Offer

27 Jun 2017  |  10:35:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Successfully Completes Institutional Entitlement Offer

Collins Foods announced the successful completion of the institutional component (Institutional Entitlement Offer) of its fully underwritten 1 for 11 accelerated non-renounceable entitlement offer (Entitlement Offer). The Institutional Entitlement Offer raised $25.7m from subscriptions for new FPO shares in the Company (New Shares) at a price of $4.55 per New Share (Offer Price). The Institutional Entitlement Offer had support from institutional shareholders with a take-up rate of 96%.

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