Appen (ASX:APX) has announced the successful completion of its share purchase plan offer.
The offer was heavily supported by eligible shareholders and the Company will scale back applications to match the $15 million that it sought to raise via the Offer.
The new shares will be issued at $21.50 per share to eligible applicants on Wednesday(, 10 April 2019.)
Appen says the Offer was about 3.4 times over-subscribed and that each eligible applicant will receive new shares to the value of approximately 29 per cent of their subscription monies.
Shares in Appen (ASX:APX) are trading 0.8 per cent higher at $22.74.