Zip Co Ltd Launches Share Purchase Plan

Zip Co Ltd. (AU:ZIP) has released an update.

Zip Co Ltd has opened a Share Purchase Plan (SPP) for eligible Australian and New Zealand shareholders to acquire new shares without transaction costs, following a successful A$217m capital raise. Shareholders can apply for up to A$30,000 worth of shares at the lower of the placement price or a 2% discount to the average market price. The SPP offer documents have been dispatched, with the offer set to close on 14 August 2024.

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