Incitec Pivot has completed its share purchase plan (SPP) announced on
11 May 2020. This follows the closing of the SPP offer on 9 June 2020.
The SPP has raised approximately AUS$57.5 million, and follows IPL’s successful completion of
a AUS$600 million institutional placement on 12 May 2020.
IPL’s Managing Director and CEO, Jeanne Johns, said:
“We are pleased with the strong support we have received from retail and institutional
shareholders, indicating their confidence in IPL’s business and its long-term strategy. The
capital raised through the SPP and the placement will strengthen our balance sheet and
liquidity position, consistent with our commitment to maintaining a strong investment grade
credit rating profile and capital structure. It will also support the delivery of our strategy to drive
long term shareholder value.”
Read the article online at: https://www.worldfertilizer.com/nitrogen/12062020/incitec-pivot-completes-share-purchase-plan/
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