March 9, 2017 / 10:46 PM / 9 months ago

BRIEF-Allegra orthopaedics to issue up to 9.8 mln ordinary shares

March 10 (Reuters) - Allegra Orthopaedics Ltd:

* Will issue up to 9.8 million ordinary shares in capital of the co (new shares) at an issue price of $0.125 (12.5 cents) per share

* New shares will be offered to eligible shareholders on basis of two new shares for every fifteen fully paid ordinary shares held

* Offer issue price of $0.125 (12.5 cents) per new share represents a 51.9% discount

* If fully subscribed, the offer will raise up to approximately $1.2 million before transaction costs

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