Kogan.com (ASX:KGN) launches $115 million capital raising

10Jun

Kogan.com (ASX:KGN) launches $115 million capital raising

 

Retail and services company Kogan.com (ASX:KGN) is to undertake a fully underwritten placement of $100 million at an offer price of $11.45 per share.

Following completion of the Placement, the Company will also conduct a non-underwritten share purchase plan offer to existing eligible shareholders to raise up to $15 million.

They intend to use the proceeds to take up accretive opportunitie, expand its customer base or enhance its operating model.

Shares in Kogan.com (ASX:KGN) are in a trading halt – last traded at $12.38.
Copyright 2020 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

02Mar

Rural Funds Group (ASX:RFF) see rise in profit after acquisitions

02 Mar 2020 - Rural Funds Management as responsible entity of the Rural Funds Group (ASX:RFF), have today released Financial Statements for the half year ended 31 December 2019 showing a property revenue increase of 22 per cent to $37.6 million.

Read More
04Aug

The Baby Bunting Group (ASX:BBN) will keep Victorian stores open

04 Aug 2020 - The Baby Bunting Group (ASX:BBN) will keep it’s metropolitan Melbourne stores open to support new and expectant parents during stage 4 restrictions in Victoria.

Read More
08Apr

Morgan Stanley slashes Afterpay (ASX:APT) price target for second time

08 Apr 2021 - Morgan Stanley has slashed the price target for Afterpay (ASX:APT) by 6.3 per cent to $149.

Read More
06Apr

Incitec Pivot (ASX:IPL) delay Waggaman plant reopening

06 Apr 2021 - Incitec Pivot (ASX:IPL) has delayed the start of operations at its Waggaman ammonia plant after the plant was brought down by a dry gas seal failure and vibrations in the turbine on the induced draft fan.

Read More
26Feb

a2 Milk Company (ASX:A2M) appoints Bessie Lee as director

26 Feb 2021 - The A2 Milk Company (ASX:A2M, NZX:ATM) has appointed Bessie Lee as an independent non-executive director to replace Jesse Wu.

Read More
12Nov

Retail Food Group Limited (ASX:RFG) see Brumbys and Crust Gourmet Pizza do well

12 Nov 2020 - Retail Food Group Limited (ASX:RFG) today announced that, despite trading conditions during FY21 having been affected by Covid-19 and measures implemented by government in response, particularly within Victoria, it had observed a number of positive indicators.

Read More
29Aug

Starpharma see positive results in ovarian cancer treatment

29 Aug 2019 - Starpharma (ASX:SPL) has seen positive results with targeted DEO using antibody fragment in human ovarian cancer model.

Read More
31Mar

G8 Education (ASX:GEM) postpones dividend until October

31 Mar 2020 - G8 Education (ASX:GEM) has postponed the payment of its fully franked final dividend until the end of October.

Read More
22Apr

Stocks of the Hour: Base Resources, Lanthanein Resources, Orion Minerals, Novonix

22 Apr 2024 - A snapshot of the stocks on the move, featuring Base Resources, Lanthanein Resources, Orion Minerals and Novonix.

Read More
12Nov

Discontinuance of proceedings against BlueScope

12 Nov 2019 - Legal proceedings in New Zealand against BlueScope (ASX:BSL) subsidiary, Toward Industries Limited, were discontinued yesterday by New Zealand Iron Sands Holdings Limited (NZIS).

Read More