Metlifecare Ltd’s $10 million share purchase plan offer has been oversubscribed by $1.95 million.
Managing director Alan Edwards said on Monday 1234 shareholders – 66% of those eligible – had subscribed and their applications would be scaled back.
The offer was at $3.10/share, the same as for the $70 million institutional placement Metlifecare made in June. Shares will be allotted on Friday.
Attribution: Company release.