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NEXTDC Launches Major Share Entitlement Offer
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NEXTDC Launches Major Share Entitlement Offer

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

NEXTDC Limited has announced a fully underwritten 1 for 6 pro-rata accelerated non-renounceable entitlement offer of approximately 85.8 million new shares, which is about 16.7% of the current shares on issue. The offer is expected to not materially affect the control of the company, as it is proportional to existing shareholdings and is fully underwritten. NEXTDC is a leading Data Centre-as-a-Service provider in Asia, known for its Tier IV certified data centers and commitment to sustainability and operational excellence.

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

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