<p>Toll ports and rail spin-off Asciano completed its capital-raising exercise yesterday (Thursday, June 7), gaining $150m of general working capital on 14,084,506 fully paid stapled securities at $10.65 per security.</p> <p>The price represented a 0.7% discount to Asciano’s closing share price. </p> <p>“Mostia Dion Nominees Pty Ltd, an associate of Asciano managing director Mark Rowsthorn, agreed to subscribe for $50m of the placement, with the remaining $100m being issued to a range of institutional shareholders,” the company said. </p> <p>The move had been approved at the Toll general meeting on May 28.</p> <p>“Asciano’s board of directors was pleased with the reaction to the placement and the continued interest shown by the existing Asciano security holders and new investors,” the company said. </p> <p>“The board of directors observed that the market’s response to Asciano has been strong. “</p> <br />
Asciano raises $150m from Rowsthorn and institutions
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