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Centuria Capital Group raises A$72.9M in placement offer

Centuria Capital Group completed its underwritten institutional placement and entitlement offer, raising approximately A$72.9 million in total.

The company said Oct. 11 that about 15.6 million securities will be issued under the placement offer at a fixed price of A$1.30 per security. Approximately 40.5 million securities will be issued under the institutional entitlement offer with the securities issued at the same price as the retail offer of A$1.30 per security.

The retail component of the offer will open Oct. 16 and is expected to raise about A$27.1 million. In total, the company's equity raising will amount to A$100 million.