BRIEF-Lynas Rare Earths To Raise A$750M

Reuters
Aug 28
BRIEF-<a href="https://laohu8.com/S/LYSCF">Lynas Rare Earths</a> To Raise A$750M

Aug 28 (Reuters) - Lynas Rare Earths Ltd LYC.AX:

  • FY NET INCOME AUD 8 MILLION

  • FY REVENUE AUD 556.5 MILLION

  • A$750M FULLY UNDERWRITTEN EQUITY RAISING

  • EQUITY RAISING ISSUED AT A$13.25 PER SHARE

  • NON-UNDERWRITTEN SHARE PURCHASE PLAN TARGETING TO RAISE UP TO A$75 MLN

  • CAPITAL EXPENDITURE IS EXPECTED TO BE APPROXIMATELY A$160 MILLION IN FY26

Source text: ID:nASX2n0Ml2

Further company coverage: LYC.AX

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

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