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G8 EDUCATION LIMITED — Capital/Financing Update 2012
Sep 25, 2012
64978_rns_2012-09-25_c9226304-8381-482c-8714-a7cd2bf92272.pdf
Capital/Financing Update
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G8 Education Limited (ASX:GEM)
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ASX Announcement
26 September 2012
Placement – Raising $35.4 million
Queensland based listed child care operator G8 Education Limited (ASX: GEM) today announced that it had successfully completed a Placement to institutions of 30.790 million G8 Education shares at $1.15 to raise $35.4 million. The issue has been managed by Petra Capital Pty Ltd.
G8 Education’s managing director, Chris Scott, said, ‘ This is an excellent result for both investors and for G8. The Placement was significantly oversubscribed. We appreciate this external endorsement of G8’s performance and acquisition strategy’ .
He noted that the monies raised through the placement will be used primarily to fund the acquisition of 16 child care centres.
ENDS Chris Scott Managing Director
G8 Education Limited | ACN 123 828 553 A Suite 27 Pegasus Centre, 42 Bundall Road, Bundall QLD 4217 P PO Box 7092 Gold Coast MC QLD 9726 P 07 5581 5300 F 07 5581 5311 W www.g8education.com E [email protected]