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Company News Summary

Select Harvests Issues Placement and Share Purchase Plan (SPP)

09 Oct 2017  |  10:49:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Select Harvests Placement and Share Purchase Plan

Select Harvests announced that it has completed a non-underwritten institutional share placement to raise A$45m at $4.20 per share (Institutional Placement). The Institutional Placement was targeted to existing shareholders and oversubscribed. The Institutional Placement will result in the issue of 10.7m new FPO shares that will rank equally with existing Company's shares. The Institutional Placement will be followed by an offer to all existing eligible Australian and NZ shareholders to participate in a SPP. The SPP is expected to raise up to A$20m and is not underwritten.

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