NEXTDC (ASX:NXT) complete $627 million placement

Company News

by Rachael Jones

Data centre operator NEXTDC (ASX:NXT) has successfully completed an institutional placement, raising approximately $672 million through the issue of 86.1 million new shares.

The Placement shares were issued at $7.80 per share which represents a 9.4 per cent discount to the 5-day Volume Weighted Average Price and a 15 per cent discount to the last close.

NEXTDC’s CEO and Managing Director Craig Scroggie and all eligible Non-Executive Directors have committed to apply for their full entitlement of $30,000 worth of shares under the SPP.

Shares in NEXTDC (ASX:NXT) are trading 9.6 per cent higher at $10.06.