News and Announcements
Future Generation Global Investment Company (ASX: FGG) delighted to announce capital raising reached $122.8 million
- Published October 18, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- Future Generation Global Investment Company’s (ASX: FGG) has recommenced trading.
- The Share Purchase Plan (SPP) and Placement, raised a combined $122.8 million, driven by strong demand from existing investors.
- 2,727 shareholders invested a further $30.8 million in the company.
Following the completion of Future Generation Global Investment Company’s (ASX: FGG) Share Purchase Plan (SPP) and Placement, the company has recommenced trading.
The Share Purchase Plan (SPP) and Placement, raised a combined $122.8 million, driven by strong demand from existing investors.
The SPP offered existing shareholders the opportunity to acquire up to $15,000 worth of ordinary shares in FGG at the fixed price of $1.34, without incurring any brokerage or other fees.
Chairman, Belinda Hutchinson AM, said: “The company’s first SPP received strong participation from existing shareholders. Together, 2,727 shareholders invested a further $30.8 million in the company.”
The company are delighted to have reached such a high figure as it will increase FGG’s annual investment in charities focused on youth mental health by approximately $1.2 million to an annualised rate of approximately $5.2 million.
About Generation Global Investment Company (ASX: FGG)
Future Generation Global Investment Company (ASX: FGG) provides:
- Shareholders with exposure to leading global fund managers without paying management or performance fees
- Charities primarily focused on children and youth mental health with a consistent and growing stream of annual donations
- Fund managers with a unique opportunity to make a positive difference to Australia’s future generations.
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