Centuria Capital Group
(ASX:CNI) announced it has completed the institutional component of its accelerated non-renounceable entitlement offer, raising approximately $36 million.
The retail component of the offer will open next Tuesday and is expected to raise about $24 million, providing a total equity raising of $60 million.
The entitlement offer has been well supported by existing institutional security holders.
Approximately 28.2 million securities will be issued under the entitlement offer.
Eligible retail security holders will be able to participate in the retail entitlement offer at $1.28 per security with an offer ratio of 1 for 4.9.
Shares in Centuria Capital Group
(ASX:CNI) are trading 0.51 per cent higher to $1.34.
