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NEXTDC Announces Major Share Entitlement Offer
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NEXTDC Announces Major Share Entitlement Offer

Nextdc Limited (AU:NXT) has released an update.

NEXTDC Limited has launched a fully underwritten 1 for 6 pro-rata accelerated non-renounceable entitlement offer of approximately 85.8 million new shares, which signifies around 16.7% of the total shares currently issued. The offer, detailed in recent ASX announcements, is part of the company’s ongoing strategy to expand its data center services without significantly altering existing shareholder control. NEXTDC is a leading Data Centre-as-a-Service provider in Asia, known for its sustainable operation of Australia’s only network of Uptime Institute certified Tier IV facilities.

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

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