Highlights
● Successful completion of fully underwritten equity placement announced on 17 July 2024, raising A$217m (before costs)
● Proceeds from the equity capital raising to fund early repayment of Zip’s existing corporate debt facility and associated exit fee
● Zip will additionally offer existing eligible shareholders the opportunity to participate in the capital raise under a share purchase plan to raise up to a further A$50 million
ASX, ZIP, COMPLETES A$217 MILLION EQUITY PLACEMENT AT 2.8% DISCOUNT
