WAM Leaders Raises $277.2m from Entitlement Offer

ClaireNews

On 11 August 2021, WAM Leaders Limited (ASX: WLE) announced the 1 for 5 Entitlement Offer closed fully subscribed, raising $277.2m. More than 80% of the funds were raised from existing shareholders with the remainder raised via the Shortfall Facility and additional placement. The Board will issue an additional 25m shares through the Company’s placement capacity under the ASX Listing …

IIR Initiates Coverage on Argo Global Infrastructure Limited (ASX: ALI)

ClaireNews

Argo Global Listed Infrastructure Limited (ASX: ALI) is a Listed Investment Company (LIC) that listed on the ASX in July 2015, raising $286.1m through the issue of 143.1m fully paid ordinary shares at $2.00 per share. Argo Service Company Pty Ltd (ASCO) is the Manager of the Company. ASCO is a wholly-owned subsidiary of Argo Investments Limited (ASX: ARG). ASCO …

APL to Offer Shareholders Opportunity to Exchange Shares for Units in AGX1

ClaireNews

Antipodes Global Investment Company Limited (ASX: APL) and the Manager and Responsible Entity of Antipodes Global Shares (Quoted Managed Fund) (ASX: AGX1) have agreed to undertake a scheme of arrangement, whereby APL shareholders will exchange their shares for units in AGX1, an ETMF. The rationale for the Offer is to provide shareholders the opportunity to exit their interest in APL …

GCI Taps Wholesale Investors

ClaireNews

GCI has announced a placement of up to 30.92m new units to wholesale and sophisticated investors at a price of $2.01 per unit. The placement will be done using the Trust’s available placement capacity under the ASX listing rules with the placement representing no more than 15% of the Trust’s issued capital and therefore unitholder approval is not required. The …