Investment Opps

Switzer Asset Management has announced the IPO of a listed dividend growth fund. The Switzer Dividend Growth Fund (SWTZ) aims to provide investors with tax-effective income and long-term capital growth by investing in a core portfolio of blue chip Australian shares.

Santos today announced the successful completion of its A$1,040 million fully underwritten institutional placement (“Institutional Placement”) of new fully paid ordinary shares (“New Shares”).

Corporate Travel Management Ltd announced today a 1 for 21 pro-rata renounceable entitlement offer at an issue price of $15 per share to raise approximately $71.085m. The Funds will be used to acquire Andrew Jones Travel and Redfern Travel. The issue price represents a discount per share of 6.4% to the theoretical ex-rights issue price or 9.9% to the 5 day VWAP.

Estia Health announced an Institutional Entitlement Offer of a 1 for 3 pro-rata accelerated non-renounceable entitlement offer for new shares. It is expected to raise $72m at $2.10. A Retail Entitlement is expected to raise $65m.

Freedom Foods Group has announced the pro-rata accelerated non-renounceable entitlement offer and institutional placement to raise approximately $62m at a price of $4.45. The offer is at 2 new shares for every 25 held at the record date. The issue price represents a 5.9% discount to the 30 day VWAP.