Hellaby shares fall 2.7 percent after halt for $40M placement lifted

Wed, 27 Mar 2013

March 27 (BusinessDesk) - Shares in Hellaby Holdings fell 2.7 percent after the trading halt for a $40 million placement to institutional investors was lifted. The stock shed 9 cents to $3.20 after trading resume, keeping a 6.3 premium to the $3 placement price. A range of local institutional investors bought 13.33 million, and will also be eligible for the 5 cents per share dividend payable on April 19. "Hellaby Holdings Limited is pleased to confirm the successful completion of a targeted placement to raise $40 million to broaden the shar...

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