Kathmandu announces share purchase plan

Company News

by Anna Napoli

Retail company Kathmandu (ASX:KMD) has announced the launch of a $50 million share purchase plan.

The proceeds of the plan will fund the company’s acquisition of Oboz footwear which was announced last week.

The plan gives eligible shareholders the chance to invest up to $13 950 in new shares.

Shares will be issued at $2.16 and the share placement plan will close on the 13th of April.

Shares in Kathmandu (ASX:KMD) closed 7.33 per cent higher to $2.49 on Friday.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.