Abano Healthcare Group Limited (NZX:ABA) advises that it has successfully completed the shortfall bookbuild component of the $35 million capital raise announced on 26 July 2017, with strong support from institutional and other eligible investors.

The clearing price under the shortfall bookbuild was $9.25 per share, a premium of $1.10 per share over the application price of $8.15 under the offer. Therefore, eligible shareholders who did not take up their full entitlements will receive $1.10 for each new share not taken up by them. Payment is expected to be made on 1 September 2017.

Chairman of Abano, Mr Trevor Janes, commented: 'We are pleased with the support we have received from shareholders and the investment community. We look forward to stepping up our growth plans in the trans-Tasman dental market, particularly in Australia, as we focus on our goal of creating a $1-billion revenue dental business'.

The shares taken up under the offer are expected to be allotted and commence trading on 30 August 2017.

ENDS

Abano Healthcare Group Limited published this content on 28 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 August 2017 03:07:03 UTC.

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