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BRIEF-Turners Automotive Group announces NZ$25 million equity raising
September 13, 2017 / 9:03 AM / 9 days ago

BRIEF-Turners Automotive Group announces NZ$25 million equity raising

Sept 13 (Reuters) - Turners Automotive Group Ltd

* Announced NZ$25 million equity raising through an underwritten placement of new ordinary shares in Turners

* Placement has been fully underwritten at a fixed price of $3.02 per share.

* Turners has sought a trading halt from NZX and ASX pending completion of placement

* Turners also seeks to raise up to NZ$5 million through a non- underwritten SPP

* Expects to declare interim dividend for 1Q FY18 period, which is no less than 1Q FY17 interim dividend during October 2017 Source text for Eikon: Further company coverage:

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