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Ansell Completes Oversubscribed Share Purchase Plan
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Ansell Completes Oversubscribed Share Purchase Plan

Ansell Limited (AU:ANN) has released an update.

Ansell Limited has successfully completed its share purchase plan (SPP), raising over A$170 million from retail shareholders, surpassing the initial target of A$65 million and prompting an increase to A$75 million. The funds will help reduce company leverage following Ansell’s acquisition of Kimberly-Clark’s Personal Protective Equipment business for US$640 million. Due to the overwhelming response, applications were scaled back, but most shareholders maintained their proportional holdings, with new shares set to commence trading on May 14, 2024.

For further insights into AU:ANN stock, check out TipRanks’ Stock Analysis page.

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