AusGroup plans private placement of 96m new shares

AUSGROUP has proposed a private placement of 96.1 million new shares - representing about 19.9 per cent of the total number of its issued shares - from which it intends to raise net proceeds of about $15.2 million.

Its issue price of 16.8 cents per share represents a discount of 8.5 per cent from the weighted average price based on Dec 30-Dec 31 trades. Dec 30 was the last full market day preceding the date of sig…