Costa Group Holdings (ASX:CGC) completes retail entitlement offer

Company News

by Rachael Jones

Costa Group Holdings (ASX:CGC) has successfully completed the retail component of its fully underwritten 1 for 4 pro rata accelerated renounceable entitlement offer with retail rights trading.

The grower, packer and marketer of fresh fruit and vegetables received approximately $66 million successful applications.

Approximately 10.8 million retail entitlements will be offered under the Retail Shortfall Bookbuild.

Completion of the Retail Entitlement Offer represents the second stage of Costa's Entitlement Offer to raise approximately $176 million.

Shares in Costa Group Holdings (ASX:CGC) closed -4.55 per cent lower at $2.52 yesterday.