Shaw and Partners appointed as Lead Manager to the proposed capital raising by Rhipe Limited News20 Apr 2020

Shaw and Partners is pleased to be appointed as Lead Manager to the proposed capital raising by Rhipe Limited (ASX.RHP).

 

The Company is proposing to raise up to approximately $33.6 million, via a Placement of up to approximately 21.0 million new ordinary fully paid shares at $1.60 per security.

 

The offer price of $1.60 represents a 9.6% discount to last close of $1.770, a 9.3% discount to 5-day VWAP of $1.765 and a 9.5% discount to 10-day VWAP of $1.767.

 

Rhipe will utilise the proceeds of the offer to enhance balance sheet flexibility for opportunistic acquisitions.

 

The offer is available to Australian resident Sophisticated and Professional Investor clients only.

 

rhipe Limited is a market leader in cloud and service provider software licensing in the Asia Pacific. It provides its partners with a complete end to end cloud solution, and distributes and aggregates subscription licensing models for service providers from many of the world’s leading software vendors, including Microsoft, Citrix, IBM, Red Hat and VMWare.

 

For more information please contact your Shaw and Partners Adviser.

 

Related Articles
News19 May 2020 Shaw and Partners congratulates Andrew Hines on his appointment as Head of Research
Shaw and Partners is pleased to announce that Andrew Hines has been appointed as Head of Research for Shaw and Partners.   Andrew joined Shaw and Partners in 2019 as a Senior Analy... Read More
News20 Apr 2020 Shaw and Partners appointed as Co-Manager to an equity capital raising by Atrum Coal
Shaw and Partners has been appointed as Joint Bookrunner and Co-Manager to an equity capital raising by Atrum Coal Limited (ASX.ATU)   Atrum is undertaking a two Tranche Placemen... Read More
News17 Apr 2020 Joel Thompson, founder of The Mindset Project, shares vital messaging around mental well-being
Joel Thompson, Manly Warringah Sea Eagles footballer and founder of The Mindset Project, shares vital messaging around mental well-being and the importance of looking after yoursel... Read More
News16 Apr 2020 Shaw and Partners appointed as Lead Manager to the Capitol Health equity capital raising
Shaw and Partners was pleased to be appointed as Lead Manager to an equity capital raising by Capitol Health (ASX: CAJ).   Capitol Health successfully raised up to $29.8 million ... Read More
A - Z  % Change  
{{data.Symbol}} {{data.CompanyName}} {{data.Close}} {{data.AsAt | date :'shortTime'}} {{data.Movement | number : 2}} {{data.MovementPercent | number: 2}}%