Ten Network Holdings Ltd announced the completion of the institutional component of its fully underwritten 7-for-37 accelerated renounceable entitlement offer of new TEN shares at 15c per new share.
It represents the first stage of TENs $77 million entitlement offer which, together with pre-commitments from four of TENs largest shareholders to take up their pro-rata entitlements under the entitlement offer, will raise gross proceeds of $56 million.
The offer attracted strong demand from TENs institutional shareholders who took up 96% of the new shares available to them
Share
