Super Retail announces equity raising of $203m to support growth
Australian firm Super Retail Group has announced an equity raising of around $203m to support its growth initiatives.
Approximately 28.2 million new fully paid ordinary shares will be issued under the equity raising. The offer has a fixed price of $7.19 per share and includes institutional entitlement offer and a retail entitlement offer.
The company will leverage the proceeds to pursue opportunities that will better position it to cater to changing consumer behaviour and trends. Su...