BRIEF-Austal Announces A$200M Institutional Placement To Expand US Capacity

Reuters

2025/03/11

March 11 (Reuters) - Austal Ltd ASB.AX:

A$200M INSTITUTIONAL PLACEMENT TO EXPAND US CAPACITY
NET PROCEEDS WILL BE USED TO PARTLY FUND FA2 INFRASTRUCTURE EXPANSION PROJECT
PLACEMENT TO BE ISSUED AT A PRICE OF A$3.80 PER NEW SHARE

Further company coverage: ASB.AX

((Reuters.Briefs@thomsonreuters.com;))

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