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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.