Eroad to accept $11m on oversubscribed offer

Tue, 06 Oct 2020

Electronic road user charges and transport tech services firm Eroad will accept applications for $11 million as part of its share purchase plan after receiving applications for $18.46 million, more than twice the $8 million originally sought.The share purchase plan was part of Eroad's wider capital raising announced in mid September that also included a $42 million placement, meaning the company has raised a total of $53 million.The company said applications will be scaled on a proportionate basis in line with the number of shares held by a...

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