TEN completes retail entitlement offer

Company News

Ten Network Holdings Limited (ASX:TEN) has completed the retail component of its entitlement offer.
 
Eligible retail shareholders subscribed for approximately 62 million new shares, totalling approximately $9 million.
 
The remaining 79 million entitlements were offered for sale under the retail shortfall bookbuild which commenced following market close on Tuesday. 
 
The settlement date for the retail entitlement offer is Friday. The new shares are expected to be issued on Monday 23rd November and commence trading on the ASX on Tuesday 24 November.
 
Ten Network Holdings recorded a net loss of $308.45 million at 30 August 2015.