Wagners (ASX:WGN) completes entitlement offer - Sequoia Direct

20NovNovember 20, 2019

Wagners (ASX:WGN) completes entitlement offer

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Construction company Wagners (ASX:WGN) has successfully completed its entitlement offer.

Back in October the company announced they announced a 1 for 6.25 nonrenounceable rights issue for ordinary Wagners shares at an offer price of $1.55 to raise approximately $40.0 million.

A shortfall of approximately $2.7 million or 6.6 per cent of the Entitlement Offer was taken up by Morgans Corporate.

Shares in Wagners (ASX:WGN) closed 0.25 per cent higher at $1.98 yesterday.

Copyright 2019 – Finance News Network

Source: Finance News Network

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