AUSTRALIAN Securities Exchange (ASX) listed health brand, Blackmores, has opened its Share Purchase Plan (SPP), which offers eligible shareholders in Australia and New Zealand the opportunity to purchase up to $30,000 of new fully paid ordinary shares.
The non-underwitten SPP aims to raise $25 million in addition to its fully underwritten institutional placement, which secured $92 million for the company.
Blackmores has stated the funds will be used to return the business to sustainable and profitable growth (PD 27 May).
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