Nick Scali Limited (AU:NCK) has released an update.
Nick Scali Limited is set to expand its market presence by acquiring Anglia Home Furnishings Limited, trading as Fabb Furniture, backed by a dual financial strategy involving a $46.0 million institutional placement and a shareholder share purchase plan. The move represents a strategic entry into the UK market, with the equity raising efforts also featuring a $4.0 million placement to CEO Anthony Scali, pending shareholder approval at the upcoming AGM. Investors and shareholders are advised to consult the offer booklet for the share purchase plan, which excludes U.S. markets and requires careful consideration by prospective participants.
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