Evolve completes A$18.9m placement with insiders taking A$8m

Fri, 13 Dec 2019

Evolve Education has completed an A$18.9 million placement to professional investors with insiders contributing A$8 million. The 145 million new shares were sold at 13 Australian cents each, a 10.3 percent discount to the closing market price for Evolve shares on Dec. 10. The dual-listed shares last traded on the NZX at 14.7 cents, up 4.6 percent in the year to date, and were last at 14.5 Australian cents on the ASX. Managing director Chris Scott, who owns 19 percent of the company, contributed A$3.3 million to the capital raising, New Z...

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