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BRIEF-BNK Banking Corp Announces Placement Of Shares And Entitlement Offer

Published 18/02/2020, 10:11 pm
© Reuters.  BRIEF-BNK Banking Corp Announces Placement Of Shares And Entitlement Offer
BBC
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Feb 18 (Reuters) - BNK Banking Corporation Ltd BBC.AX :

* REACHED AGREEMENT WITH CERTAIN INVESTORS TO RAISE $7 MILLION BY WAY OF AN EQUITY PLACEMENT

* PLACEMENT WAS COMPLETED AT $0.60 PER SHARE

* PLACEMENT THROUGH ISSUE OF 11.7 MILLION FULLY PAID ORDINARY SHARES

* ANNOUNCE A 1 FOR 10 NON-RENOUNCEABLE PRO RATA ENTITLEMENT OFFER TO RAISE UP TO $5.7 MILLION

* CONTINUES TO BE IN DISCUSSION WITH INSURER IN RESPECT OF AMOUNTS OUTSTANDING UNDER ATM BAILMENT BUSINESS

* PRO RATA ENTITLEMENT OFFER VIA ISSUE OF UP TO 9.4 MLNSAHRES AT $0.60 PER SHARE

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