Briscoe Group (ASX:BGP) supports Kathmandu's capital raise - Sequoia Direct Pty Ltd

04OctOctober 4, 2019

Briscoe Group (ASX:BGP) supports Kathmandu’s capital raise

Briscoe Group Australasia (ASX:BGP) has announced its support for the Kathmandu Holdings (ASX:KMD) capital raising.

It has been allocated over 5.3 million shares from the institutional entitlement offer at a cost of approximately NZ$13.6 million.

The additional shares requested represent 50 per cent of Briscoe Group’s total entitlement. Group Managing Director Rod Duke says “[w]e are supportive of Kathmandu’s initiatives to diversify and grow their business via the acquisition of Rip Curl and were pleased to be able to support the capital raising and increase our current shareholding”.

This brings Briscoe’s investment in Kathmandu to a total of $87.9 million.

It continues to be Kathmandu’s single largest shareholder.

Shares in Briscoe Group (ASX:BGP) last traded at $3.42.
Copyright 2019 – Finance News Network

Source: Finance News Network

Related Posts

03AprApril 3, 2020

Treasury Wine Estates (ASX:TWE) acknowledges class action

03 Apr 2020 - Treasury Wine Estates (ASX:TWE) has been served with a group proceeding filed against them in the Supreme Court of Victoria.

01FebFebruary 1, 2021

FIRB approves Coca-Cola Amatil (ASX:CCL) takeover

01 Feb 2021 - The Foreign Investment Review Board has determined the Commonwealth has no objection to a wholly owned subsidiary of Coca-Cola Amatil (ASX:CCL) Coca-Cola European Partners acquiring up to a 100 per cent interest in the Company.

15JunJune 15, 2020

GR Engineering Services (ASX:GNG) secures $107 million contract

15 Jun 2020 - GR Engineering Services (ASX:GNG) has been awarded a design and construction contract for work at the Lake Way Project.

13AprApril 13, 2021

Cleanaway (ASX:CWY) dealt major blow in purchasing Suez Australia

13 Apr 2021 - Cleanaway Waste Management (ASX:CWY)’s $2.5 billion dollar bid to secure Suez’s Australian recycling business has been dealt a major blow, following Suez’s agreement in-principle to merge with French compatriot Veolia.

11OctOctober 11, 2019

APN Convenience Retail (ASX:AQR) $38M raising

11 Oct 2019 - Real estate giant APN Convenience Retail (ASX:AQR) is seeking to raise $38 million via an institutional placement to acquire 13 service station and convenience retail properties across the country.

16SepSeptember 16, 2019

iSignthis announces European Patent for PSD2

16 Sep 2019 - iSignthis (ASX:ISX) has today announced the European Patent Office (EPO) has issued notice of intention to grant a patent across more than 38 countries .

04MarMarch 4, 2020

Dexus (ASX:DXS) will cease the management of the Australian Mandate

04 Mar 2020 - Real estate group Dexus (ASX:DXS) will end the management of the Australian Mandate, comprising a $1.6 billion property portfolio from 30 June 2020.

10OctOctober 10, 2019

Netwealth (ASX:NWL) see their quarter FUA grow $2 billion

10 Oct 2019 - Netwealth (ASX:NWL) released their results for the quarter showing its Funds Under Administration (FUA) grew $2 billion of 8.5 per cent quarter on quarter to $25.3 billion.

23JanJanuary 23, 2020

Downer EDI (ASX:DOW) revises its NPATA guidance for the year

23 Jan 2020 - Downer EDI (ASX:DOW) announced today that its NPATA guidance for the 2020 financial year had been revised down to $300 million.

25SepSeptember 25, 2019

Coronado Global Resources revises its EBITDA guidance

25 Sep 2019 - Coronado Global Resources (ASX:CRN) has updated its earnings guidance for the financial year due current weakness in benchmark prices for metallurgical coal.