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.
Company Updates
Forget Startups: Why Magnetic Alliance is Betting on “Boring” Mid-Market Turnarounds
While Australia’s venture capital scene spent years chasing unprofitable tech startups and speculative high-growth plays, Mark Lim was quietly taking a radically different path. The Managing Partner of Magnetic Alliance Capital sees the nation’s richest investment opportunities hiding in plain sight: inside thousands of unglamorous, profitable, but operationally sluggish mid-market businesses. Speaking on Wholesale Investor’s […]
The asset class where the market has no vote
Litigation funding returns are decided in a courtroom, not a cycle. Knightsbridge’s Head of Capital is careful to call that a different risk rather than a lower one, and his answer to it is spread, not concentration. Most alternative assets still answer to something. Property answers to rates. Private credit answers to defaults. Even the […]
The listing fee vendors pay whether the house sells or not
Australia’s property portals collect more than $2 billion a year while national listings sit flat. An Australian-built AI platform is targeting the economics, not just the interface. An Australian vendor listing a home pays a vendor-paid advertising fee on top of agency commission. Rama Dwarapudi, Founder and Chief Executive Officer of RealSearch, puts a typical […]
Backed By Leading Investment Groups and Family Offices
