Ooh Media completes institutional placement to raise $60 million

Ooh Media has successfully completed an institutional placement to raise $60 million through the issue of approximately 12.6 million new shares at the placement price of $4.75 per new share, representing a 2.9% discount to the last close price of $4.89 on Monday, 10 October 2016.

ooh-media

Related: Ooh Media to acquire Executive Channel Network and raise $60m to fund deal

The announcement:

Be a member to keep reading

Join Mumbrella Pro to access the Mumbrella archive and read our premium analysis of everything under the media and marketing umbrella.

Become a member

Get the latest media and marketing industry news (and views) direct to your inbox.

Sign up to the free Mumbrella newsletter now.

"*" indicates required fields

 

SUBSCRIBE

Sign up to our free daily update to get the latest in media and marketing.