Duxton Water Ltd. (AU:D2O) has released an update.
Duxton Water Limited has partnered with Petra Capital to underwrite a $4.5 million shortfall in their Dividend Reinvestment Plan, coinciding with a dividend payment on April 26, 2024. This strategic move is aimed at broadening the company’s investor base and improving financial flexibility, with plans to use the funds to reduce debt and invest in water entitlements. Shares under the DRP will be issued at a 5% discount, with Petra Capital committing to a significant share subscription.
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