July 1 (Reuters) - Temple & Webster Group Ltd TPW.AX :
* TO UNDERTAKE A FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT OF A$40 MILLION AT OFFER PRICE OF A$5.70 PER SHARE
* JUNE 2020 MAINTAINED STRONG SALES MOMENTUM
* FY20 EBITDA WILL BE GREATER THAN $8M
* PROCEEDS WILL BE USED IN ENHANCEMENT OF COMPANY'S DIGITAL PLATFORM