trending Market Intelligence /marketintelligence/en/news-insights/trending/luvvpytjwo0rlr0htx0d3q2 content esgSubNav
In This List

PLC Financial issues 6 million shares


S&P Capital IQ Pro | Powering Your Edge


Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


S&P Capital IQ Pro | Unrivaled Sector Coverage


Banking Essentials Newsletter: September Edition

PLC Financial issues 6 million shares

Australia-based PLC Financial Solutions Ltd. issued 6 million shares at 2 Australian cents apiece.

The company said March 19 that the share issuance represents a dilution of 8.67% to existing shareholders. The company's total shares on issue after the placement is 75,210,436.

PLC Financial said the placement was the most efficient way to raise funds needed to meet working capital requirements. It will also promote a more diverse shareholder base.