Incitec Pivot completes share purchase plan
Published by Nicholas Woodroof,
Editor
World Fertilizer,
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/
You might also like
Pakistan's DAP stocks grow in June
Pakistan's national DAP stocks grew throughout June according to data from Pakistan government agency National Fertilizer Development Centre, as researched by Argus Media.
