Struggling Evolve issues rights offer at heavy discount
Funds will be used to repay debt and finance Aussie expansion.
Sanjay Prakash
Wed, 08 May 2019
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NBR Focus: The Accountants 2024
Evolve Education Group shareholders have been asked to contribute $63.5 million to repay debt and fund an Australian expansion plan, despite difficulties in the domestic market.
The company has given investors little choice, with the 4.4:1 rights offer priced at 8c a share, a 65% discount on
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Sanjay Prakash
Wed, 08 May 2019
Contact the Writer: Sanjay@nbr.co.nz
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Struggling Evolve issues rights offer at heavy discount
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