June 16 (Reuters) - Elders Ltd ELD.AX :
* Eld announces $102.4M equity raising and hybrid offer ELD.AX
* Offer price of $3.40 per new share represents a 7.8% discount
* Elders is targeting a dividend payout ratio of up to 35% of underlying net
profit after tax on an annualised basis
* Fully underwritten $77.4 million 1 for 4 traditional non-renounceable
entitlement offer to all eligible shareholders at $3.40 per share
* Source text for Eikon ID:nASX8clppX
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