BUZZ-Australia's EBR Systems jumps to record high on manufacturing expansion

Reuters
01-28
BUZZ-Australia's EBR Systems jumps to record high on manufacturing expansion

** Shares of EBR Systems EBR.AX rise as much as 9.8% to a record high of A$1.795; last up 7.7% at A$1.76

** Cardiac medical device manufacturer says it has signed an 11-year lease agreement for a new facility in California

** Co says the 51,000-square feet facility will provide more space for R&D and manufacturing operations, among others, allowing it to accommodate demand for its wireless cardiac pacing device WiSE

** Stock fourth-biggest gainer in the ASX All Ordinaries index .AORD

** More than 982,000 shares change hands, 1.6x the 30-day avg

** Stock gained 69.3% last year, significantly outperforming the 7.5% gain in AORD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com;))

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