Geneva raises $1.5 million as rights issue settles

Rebranded Geneva Finance has fully settled a one-for-four rights issue, raising $1.5 million in fresh equity.

Completion of the rights issue yesterday has seen cornerstone shareholder Federal Pacific Group, which underwrote the offer, raise its stake in Geneva to 33.7%.

The rights issue, deferred from August, follows the placement of $1.2 million of ordinary shares to Federal Pacific in March.


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