Tabcorp Holdings (ASX:TAH) completes retail shortfall bookbuild - Sequoia Direct Pty Ltd

16SepSeptember 16, 2020

Tabcorp Holdings (ASX:TAH) completes retail shortfall bookbuild

Tabcorp Holdings (ASX:TAH) has completed the retail shortfall bookbuild component of its underwritten 1 for 11 pro-rata accelerated renounceable entitlement offer.

This represents the final stage of Tabcorp's Entitlement Offer.

It has raised gross proceeds of approximately $230 million from the issue of 71 million new Tabcorp shares at an issue price of $3.25 per New Share.

Together with the institutional component of the Entitlement Offer, Tabcorp has now raised approximately $600 million.

Shares in Tabcorp Holdings (ASX:TAH) are trading 0.6 per cent lower at $3.39.

Copyright 2020 – Finance News Network

Source: Finance News Network

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