New Issue: Redflex Holdings arranges A$15.3 million private placement of stock

By Devika Patel

Knoxville, Tenn., Sept. 10 - Redflex Holdings Ltd. said it will raise A$15.3 million in a private placement of shares.

The company will sell 2.15 million shares to Cheng Man Oy and 5.35 million shares to Investaco Pty Ltd. at A$2.04 per share.

Redflex also plans a rights issue at the same share price to raise a further A$17 million.

South Melbourne, Australia's Redflex is engaged in traffic camera photo enforcement.

Issuer:	Redflex Holdings Ltd.
Issue:	Ordinary shares
Amount:	A$15.3 million
Shares:	7.5 million
Price:	A$2.04
Warrants:	No
Investors:	Cheng Man Oy (for A$4,386,000), Investaco Pty Ltd. (for A$10,914,000)
Pricing date:	Sept. 10
Stock symbol:	Australia: RDF
Stock price:	A$2.15 at close Sept. 10

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.