Sequoia Announces Share Placement Oversubscribed | Finance News Network

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Sequoia Announces Share Placement Oversubscribed

Sydney: Sequoia Financial Group Limited (ASX:SEQ) (“Sequoia” or “the Company”) is pleased to announce the successful bookbuild raising $5,000,000 of new fully paid ordinary shares (“New Shares”).

The Placement was strongly supported by both existing and new institutional and sophisticated investors where the Company has received commitments for 15,151,515 new shares in Sequoia at $0.33 per share.

The issue price of A$0.33 represents a 4.35% discount to the last closing price of A$0.345 on 17 July 2018. The Company has received firm commitments in relation to this oversubscribed Placement.


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