Aristocrat Leisure raises US$36 mln in share sales

Aug 21, 2014 Newsdesk Industry Talk, Latest News  

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Slot machine maker Aristocrat Leisure Ltd says it has raised AUD38.53 million (US$35.74 million) from two share-selling exercises.

The first, to participating eligible stockholders under the company’s share purchase plan, raised AUD20.15 million at an issue price of AUD5.26 per share.

The second, in the form of a placement to the family of Aristocrat founder Len Ainsworth, raised AUD18.38 million at the same issue price per share.

Shares issued under the share purchase plan are expected to start trading on the Australian Securities Exchange Ltd on August 25, said a statement from Aristocrat on Wednesday.

The firm’s shares closed 0.53 percent lower on Thursday at AUD5.62.

The Australian gaming supplier in July announced it was acquiring Video Gaming Technologies Inc for US$1.28 billion in cash.

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