Tabcorp Holdings (ASX:TAH) completes retail shortfall bookbuild

[videojs_hls url=’//du7x25at22z7c.cloudfront.net/286832/index_HLSv3.m3u8′ poster=’http://www.finnewsnetwork.com.au/newssystem/Headlines04_360_200916.jpg’]

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