NEXTDC (ASX:NXT) complete $627 million placement
Data centre operator NEXTDC (ASX:NXT) has successfully completed an institutional placement, raising approximately $672 million through the issue of 86.1 million new shares.
The Placement shares were issued at $7.80 per share which represents a 9.4 per cent discount to the 5-day Volume Weighted Average Price and a 15 per cent discount to the last close.
NEXTDC’s CEO and Managing Director Craig Scroggie and all eligible Non-Executive Directors have committed to apply for their full entitlement of $30,000 worth of shares under the SPP.
Shares in NEXTDC (ASX:NXT) are trading 9.6 per cent higher at $10.06.
Copyright 2020 – Finance News Network
Source: Finance News Network
