Move auctions rights for a premium price of $1.48

Fri, 29 Oct 2021

Move Logistics has auctioned rights not taken up by its founders and other institutional investors at $1.48, a premium to the $1.40 exercise price.The company said it raised gross proceeds of about $27 million from the institutional part of its pro rata accelerated renounceable entitlement offer.Its five existing Australian and New Zealand institutional shareholders took up 100% of their rights and the company auctioned 13.6 million of rights not taken up.They were bought by the five existing institutions and another nine new institutional inve...

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