Cash Converters Completes Bookbuild for Institutional Component of AU$25 Million Equity Raise; Shares Tumble 9%

MT Newswires Live

2025/10/29

Cash Converters International (ASX:CCV) completed the bookbuild for the institutional component of the partially underwritten 1-for-9.6 accelerated non-renounceable entitlement offer to raise AU$10.7 million, according to a Wednesday filing with the Australian bourse.

The company also received subscriptions for an institutional placement of 16.4 million shares at AU$0.305 apiece to raise AU$5 million.

The new shares are expected to be settled on Friday, the filing said.

The retail entitlement offer to raise about AU$9.3 million is expected to open on Nov. 3, the filing added.

Shares of the company fell 9% in recent Wednesday trade.

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