Trinity has completed a wholesale and institution place, raising $28.5 million.
The placement involved the issue of 17 million units at an issue price of $1.68.
Trinity’s chief executive Ben McCarthy said the placement was undertaken to replenish capital for future acquisitions.
Trinity has also announced a Security Purchase Plan, which will entitle all current security holders to purchase up to $5,000 worth of new stapled securities.
Approximately 7.2 million stapled securities will be issued at $1.68.
The placement and SPP is the first capital raising for Trinity for the current financial year.
The previous capital raising was in June 2006 and Trinity raised $53.5 million from an institutional placement and rights issue.
By Kathryn O’Meara
