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BRIEF-Costa Group Expects CY20 EBITDA-Sl To Be About $150 Million

Published 28/10/2019, 07:13 pm
© Reuters.  BRIEF-Costa Group Expects CY20 EBITDA-Sl To Be About $150 Million
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Oct 28 (Reuters) - Costa Group Holdings Ltd CGC.AX :

* EXPECTS CY20 EBITDA-SL TO BE ABOUT $150 MILLION AND NPAT-SL TO BE IN LINE WITH CY18 NPAT- SL

* TO RAISE ABOUT $176 MILLION THROUGH FULLY UNDERWRITTEN RENOUNCEABLE PRO-RATA ENTITLEMENT OFFER

* CY19 GUIDANCE REDUCED TO EBITDA-SL OF ABOUT $98 MILLION AND NPAT-SL OF ABOUT $28 MILLION

* DUE TO CLOSURE OF AGED MUSHROOM SITES IN TASMANIA & QUEENSLAND, CO EXPECTS ONE-OFF RESTRUCTURING & IMPAIRMENT CHARGE OF $60–$70 MILLION IN FY

* TO RAISE $176 MILLION AT $2.20 PER SHARE THROUGH RENOUNCEABLE PRO-RATA ENTITLEMENT OFFER, AND ISSUE 80 MILLION NEW ORDINARY SHARES

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