Allotment of Shares Under Share Purchase Plan
Abano Healthcare Group Limited (NZX:ABA) last night completed the allotment of new ordinary shares to shareholders under
the Share Purchase Plan (SPP) offer.
The company received strong support for the offer with participation from 2,095 eligible shareholders, representing well
over 50% of all shareholders. The SPP, to raise $9.25 million, was oversubscribed by over 250 percent and applications
were scaled back on a proportionate basis in accordance with the terms of the SPP offer.
Abano has now completed its $18.5 million capital raising with the funds received to be utilised in the continued growth
of our dental and other businesses.
Ends