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Evolve shares plummet following rights issue

The company is betting on an Australian expansion despite trouble at home.

Evolve Education group shares plummeted over 40% yesterday as the trading halt imposed last week was lifted.

The 4.4:1 rights offer announced last week was priced at 8c a share, a hefty 65% discount to the share price before the announcement. Investors who choose not to accept the offer face

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Sanjay Prakash Mon, 13 May 2019
Contact the Writer: Sanjay@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Evolve shares plummet following rights issue
General Business,
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