SRG Global successfully raised AU$46.4 million via placement

SRG Global Limited (ASX: SRG) stated that its AU$46.4 million fully underwritten institutional placement of approximately 64.4 million new fully paid ordinary shares to institutional investors for AU$0.72 per New Share was completed successfully. The company will use the funds raised from the placement to partially support its acquisition of 100% of ALS Industrial Pty Ltd. (ALS Asset Care).

In addition to the placement, the company also announced a non-underwritten Share Purchase Plan (SPP), in which Eligible Shareholders offered the opportunity to apply for up to AU$30,000 worth of the company’s shares to potentially raise approx. AU$5.0 million. The SPP is expected to open on Thursday, 23 February 2023 and close on Wednesday, 8 March 2023.

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