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Super Retail announces equity raising of $203m to support growth

Jun 15, 2020 - Marketline Newswire

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...