Hellaby halts shares for $50M capital raising at 10 percent discount

Tue, 26 Mar 2013

March 27 (BusinessDesk) – Hellaby Holdings had its shares halted for a $50 million equity capital raising as the diversified investment company hunts for acquisitions to revive earnings growth. The capital raising will be by way of a $40 million placement to institutions at $3 a share, with entitlement to the company’s 5 cent interim dividend payable on April 19. It also plans to raise $10 million in a share purchase plan at $2.95, less the dividend. The shares last traded at $3.29 and have gained 15 percent in the past 12 months. Castle Inv...

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