McGraths release of shares from voluntary escrow

Company News

by David Murdoch

Australian real estate group McGrath (ASX:MEA) is set to release 10 million fully paid ordinary shares.

Subject to voluntary escrow arrangements, shares will be released to the Smollen Sellers on the 30th of September.

As detailed in McGrath’s Prospectus, the completion of McGrath’s IPO included just over 72 million fully paid ordinary shares.

McGrath also advised its 2017 AGM on Wednesday November 22 at their Edgecliffe, NSW headquarters.

McGrath (ASX: MEA) were last trading up 7.81 per cent at 69c.