Clothing retailer Kathmandu Holdings Ltd completed a $154 million institutional capital-raising yesterday and will open a retail offer on Monday to raise a further $53 million.
The capital-raising comes in 3 parts:
- The institutional entitlement offer raised $124 million from 96% takeup; Briscoe Group Ltd opted not to participate
- The placement raised $30 million
- The 1.2:1 retail offer will open on Monday 6 April and close on Friday 17 April.
The application price across all offers is 50c or A49c.
Attribution: Company release.