Village Roadshow completes retail component of fully underwritten entitlement offer

Company News

by Anna Napoli

Village Roadshow (ASX:VRL) has today announced the successful completion of the retail component of its fully underwritten entitlement offer.

The company says $15.7 million in gross proceeds were raised under the retail component.

The entitlement was well supported with a 63 per cent take up rate by eligible shareholders.

Completion of the retail offer represents the final stage of Village Roadshow’s offer to raise about $51 million.

New shares under the offer will rank equally with existing Village Roadshow shares from the date of their issue.

Village Roadshow (ASX:VRL) is trading 1.59 per cent higher to $1.92.