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Bank of Queensland raises $89.7M via share purchase plan

  • Region:

    Australia

  • Sector:

    Banks

  • Deal Size:

    $89.7 million

  • Buy Side Company:

  • Sell Side Company:

    Bank of Queensland
  • Target Company:

The Bank of Queensland has successful completed a share purchase plan to raise approximately $89.7 million. Around 12.3 million ordinary shares will be issued at an issue price of $7.27 per Share. The bank has decided to accept all valid applications from eligible shareholders in full with no scale back. It expects the Shares to be issued on 2 January 2020 and to commence trading on ASX on 3 January 2020. The share purchase was announced in late November in conjunction with the bank’s fully underwritten $250 million institutional placement.

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