In May, Gryphon utilised the balance of GCI’s placement capacity, executing a A$49.8 million placement to wholesale investors (with the units issued in early June). Gryphon was delighted with the overwhelmingly positive response from existing and new wholesale investors to the placement, enabling the Joint Lead Managers to close the capital raise early. Following the completion of the placement, GCI’s Net Tangible Assets has increased to circa A$670 million.
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