Villa World today announced an $80 million capital raising venture as it prepares roll out of an accelerated growth plan that will deliver big returns for shareholders.
The Company will tap into its existing strong institutional investor support with an equity offer and a debt offer that will boost its financial capacity to continue to grow inventory through value accretive acquisitions and joint ventures, while maintaining prudent gearing levels.
The Company is targeting continued cumulative average Earnings Per Share (EPS) growth of greater than 10% p.a.1 and continued growth in earnings.
Managing Director and Chief Executive Officer Craig Treasure said the capital raising, combined with the recent extension of the maturity dates as part of its flexible bank arrangement, would place Villa World in a strong position to actively acquire projects in strategic locations.
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