Evolve shares plummet following rights issue
The company is betting on an Australian expansion despite trouble at home.
Evolve Education group shares plummeted over 40% yesterday as the trading halt imposed last week was lifted.
The 4.4:1 rights offer announced last week was priced at 8c a share, a hefty 65% discount to the share price before the announcement. Investors who choose not to accept the offer face
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