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How ALS’s $350M Placement Could Transform Its Laboratory Network
1:31am on Monday 2nd of June, 2025 AEST
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Industrial Services
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How ALS’s $350M Placement Could Transform Its Laboratory Network
1:31am on Monday 2nd of June, 2025 AEST
Key Points
Fully underwritten $350 million institutional placement at $16.70 per share
Approximately 21 million new shares issued, representing 4.3% of existing shares
Proceeds primarily allocated to upgrading four laboratory hubs
Non-underwritten $40 million share purchase plan launched for existing shareholders
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