tiprankstipranks
NEXTDC Launches Major Share Entitlement Offer
Company Announcements

NEXTDC Launches Major Share Entitlement Offer

Nextdc Limited (AU:NXT) has released an update.

NEXTDC Limited has announced a fully underwritten 1 for 6 pro-rata accelerated non-renounceable entitlement offer of approximately 85.8 million new shares, which is about 16.7% of the current shares on issue. The offer is expected to not materially affect the control of the company, as it is proportional to existing shareholdings and is fully underwritten. NEXTDC is a leading Data Centre-as-a-Service provider in Asia, known for its Tier IV certified data centers and commitment to sustainability and operational excellence.

For further insights into AU:NXT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskState Street Corporation Acquires Stake in NEXTDC
TipRanks Australian Auto-Generated NewsdeskState Street Corporation Exits NEXTDC Stake
TipRanks Australian Auto-Generated NewsdeskNEXTDC Director Bolsters Stake in Company
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!