VILLA World has completed its placement and raised $20 million.
The placement issue price of $2.25 per share, represented a 5.5% discount to the closing price of the company’s shares on 20 March 2017 and a 6.6% discount to the volume weighted average price for the 5 trading days prior to 20 March 2017.
“We are very pleased with the outcome of the placement, which shows strong support for our growth strategy. We thank our existing shareholders for their continued backing and we are also very pleased to welcome a number of new institutions to the Villa World register,” CEO Craig Treasure said.
Australian Property Journal
