AI assistant
AMA GROUP LIMITED — Capital/Financing Update 2013
Jan 15, 2013
64372_rns_2013-01-15_5787dbbb-b348-4724-b625-950a9b9a4293.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [155 x 82] intentionally omitted <==
Company Announcement – Successful Capital Raising of $15.1 million positions AMA for the future (ASX: AMA)
The directors of AMA Group Limited are pleased to announce the placement of 43.1m shares at 35c per share to raise $15.1 million before costs. While demand for the issue exceeded $19m the directors deemed it prudent to limit the raising to 15% of capital, or $15m.
Managing Director Mr Ray Malone said funds raised could be applied to financing growth initiatives, retiring debt and meeting working capital requirements.
Mr Malone said that he looked forward to delivering growth in earnings both organically and through carefully targeted acquisitions. He said that any acquisitions will be aimed at improving the competitive positions of the various divisions and adding shareholder value.
AMA plans to release its half yearly results towards the end of February 2013.
For on behalf of the board
==> picture [77 x 41] intentionally omitted <==
Terri Bakos
Company Secretary
Phone; 61 (0) 3 9824 5254 Registered Office: Fax: 61 (0)3 9822 7735 Suite 1, 1233 High Street, www.amagroupltd.com.au Armadale, Victoria 3143
AMA Group Limited ABN: 50 113 883 560 Page 1 of 1