Business Services Industry
Adelaide Brighton rights issue oversubscribed.
Australasian Business Intelligence, June, 2002
Jun 11, 2002 (The Australian Financial Markets Newsletter
ABIX via COMTEX) -- Australian cement supplier, Adelaide Brighton, closed its rights issue on 7 June 2002. The oversubscribed offer raised $A50.8m, according to the company's MD, Mark Chellew. The one-for-seven renounceable rights issue was offered at $A0.75 a share. The issue was undertaken in order to strengthen Adelaide Brighton's balance sheet and provide funds for growth opportunities. Adelaide Brighton's share price closed at $A0.72 on 6 June.
Publication Date: 7 June 2002
ADELAIDE BRIGHTON LIMITED - ASX ABC: MACQUARIE EQUITY CAPITAL MARKETS
LIMITED:
MACQUARIE BANK LIMITED - ASX MBL
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