Wagners (ASX:WGN) completes entitlement offer

Company News

by Rachael Jones

Construction company Wagners (ASX:WGN) has successfully completed its entitlement offer.

Back in October the company announced they announced a 1 for 6.25 nonrenounceable rights issue for ordinary Wagners shares at an offer price of $1.55 to raise approximately $40.0 million.

A shortfall of approximately $2.7 million or 6.6 per cent of the Entitlement Offer was taken up by Morgans Corporate.

Shares in Wagners (ASX:WGN) closed 0.25 per cent higher at $1.98 yesterday.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.