Ansell Limited (AU:ANN) has released an update.
Ansell Limited has successfully completed its share purchase plan (SPP), raising over A$170 million from retail shareholders, surpassing the initial target of A$65 million and prompting an increase to A$75 million. The funds will help reduce company leverage following Ansell’s acquisition of Kimberly-Clark’s Personal Protective Equipment business for US$640 million. Due to the overwhelming response, applications were scaled back, but most shareholders maintained their proportional holdings, with new shares set to commence trading on May 14, 2024.
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