Plexure shares fall after capital raise

Fri, 13 Nov 2020

Plexure Group shares plunged 9.7 percent to $1.40 as it came off a trading halt after raising capital at $1.20 per share.The mobile advertising company today said it raised $32 million in a fully subscribed bookbuild share as it prepares a secondary listing on the ASX.Chair Phil Norman said the placement had strong support from institutional investors in both Australia and New Zealand.“We view the support received from new and existing investors as a clear endorsement of our growth strategy,” he said.The new capital, which is condit...

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