Prime Financial Group Limited (AU:PFG) has released an update.
Prime Financial Group Limited has announced a new securities issuance, which includes a standard pro rata issue of 16.5 million ordinary fully paid shares and a separate placement of approximately 12.7 million shares. The pro rata shares are expected to go on record by June 14, 2024, with the issue date set for July 3, while the placement shares are scheduled to be issued on June 18, 2024. This strategic move aims to raise capital and expand the company’s financial capabilities.
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