Shaw and Partners executes $75 million Audinate Group Block Trade News30 Aug 2018

Shaw and Partners and Canaccord Genuity (Australia) have successfully executed the sale of Audinate Group (ASX.AD8) securities following their release from escrow. 

 

Approximately 21.5 million ordinary shares were traded at the price of $3.50 per share, being a $75 million transaction. 

 

The price represented a 10.3% discount to last close of $3.90, a 9.9% discount to 3-day VWAP of $3.884 and a 9.7% discount to 10-day VWAP of $3.875.

 

In June 2017 Shaw and Partners was appointed as Sole Lead Manager and Underwriter to the Audinate Group IPO. The company raised $21 million and listed on the ASX with an offering price of $1.22 per share.

 

About Audinate Group

Audinate is the leading provider of professional digital audio networking technologies globally. Audinate's Dante platform distributes digital audio signals over computer networks, and is designed to bring the benefits of IT networking to the professional AV industry.  Dante is used in over 1,100 professional audio products manufactured by market leading brands including Yamaha, Bose, Bosch, Shure and Sennheiser.

Related Articles
News11 Feb 2019 Shaw and Partners appointed Joint Lead Manager to the NAB Capital Notes 3 offer
NAB today announced its intention to raise $750 million with the ability to raise more or less, through the offer of NAB Capital Notes 3.   Shaw and Partners has been appointed J... Read More
News01 Feb 2019 Manly Sea Eagles Pre-Season Launch Dinner with Shaw and Partners
Shaw and Partners was delighted to host the Manly Warringah Sea Eagles players, their partners, coaching and operations staff for an exclusive pre-season Launch Dinner at The Green... Read More
News15 Jan 2019 Shaw and Partners officially launches the inaugural Shannon Eckstein Ironman Classic
Yesterday, we were joined by Ironmen and Ironwomen heavy-weights Shannon and Caine Eckstein, Ali Day, Courtney Hancock and Georgia Miller to launch the inaugural Shaw and Partners ... Read More
News10 Jan 2019 Shaw and Partners Shannon Eckstein Ironman Classic
We are delighted to have partnered with iconic Australian Surf Life Saving Ironman Champion, Shannon Eckstein, as the major presenting partner and headline sponsor of the inaugural... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%