Augmentum Fintech raises USD 55.9 mln via equity issue

Thursday 17 June 2021 14:02 CET | News

Augmentum Fintech has announced it is raising USD 55.9 million via an equity issue, with the proceeds to be used toward an identified pipeline of investments and other opportunities.

It is issuing up to 29.6 million new ordinary shares via an initial placing, open offer, offer for subscription and intermediaries offer. The shares are being issued at 135.5 pence each, a 6.1% discount to its closing price of 144.25 pence on June 11, the day before the company said it was planning the fund raising. However, the issue price is a 3.9% premium to the company's net asset value per share of 130.4 pence on March 31.

Under the open offer shareholders will be able to buy four of the discounted shares for every 19 existing shares held.

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Keywords: fintech, funding, investment
Categories: Banking & Fintech | Payments General
Countries: World
This article is part of category

Banking & Fintech