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Zenitas completes retail entitlement offer

Zenitas Healthcare Ltd. completed the retail component of 3-for-8 accelerated nonrenounceable pro rata entitlement offer.

The offer is part of a A$29.7 million capital raising to fund potential future acquisitions. The company raised about A$16.4 million after closing an institutional placement and separate entitlement offer.

The placement and the two entitlement offers are jointly underwritten by Bell Potter Securities Ltd. and Wilsons Corporate Finance Ltd.