11 April 2025
NZX/ASX Code: EBO
Not for release or distribution in the United States
EBOS ANNOUNCES SUCCESSFUL COMPLETION OF A$200M (NZ$217M) PLACEMENT
EBOS Group Limited (“EBOS”) is pleased to announce the successful completion of the fully underwritten placement (“Placement”) of approximately 5.9 million new fully paid ordinary shares (“New Shares”), raising approximately A$200 million (NZ$217 million)(1). Funds raised in excess of the amounts paid for the acquisitions of SVS Veterinary Supplies (“SVS”) and the remaining 10% stake in Transmedic will provide further balance sheet capacity to fund additional future growth opportunities.
Please see attached announcement for full details.
(1)Assumes an AUD:NZD exchange rate of 1.0861 as at 10 April 2025
Analysts hold their ratings but lower their 12-month target prices.
“The risk-reward at the current level is solid,” David Kingston said.
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