AMP completes capital raising
AMP has successfully completed the institutional placement to raise A$650 million.
Friday, August 9th 2019, 3:44PM
The placement was priced at A$1.60 per new share, representing a 6.7% premium to the underwritten floor price of A$1.50 per new share.
AMP’s chief executive Francesco De Ferrari said: “We are pleased with the strong support we have received from investors. The funds raised will allow us to immediately implement our transformational strategy to create simpler, higher growth and higher return. An AMP that’s focused on customers.”
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