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Why ALS Limited Is Raising A$350 Million to Transform Its Global Labs
1:38am on Monday 2nd of June, 2025 AEST
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Why ALS Limited Is Raising A$350 Million to Transform Its Global Labs
1:38am on Monday 2nd of June, 2025 AEST
Key Points
A$350 million fully underwritten institutional placement at A$16.70 per share
Funds A$230 million organic investment upgrading four major global hub laboratories
Placement represents 4.3% of existing shares with a 5.3% discount to last traded price
Non-underwritten share purchase plan to raise up to A$40 million for eligible shareholders
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