LiveHire Limited (ASX:LVH) Successfully Completes Entitlement Offer
Entitlement Offer Details
LiveHire Limited (ASX:LVH) has completed its 1 for 4.2 pro-rata non-renounceable entitlement offer, successfully raising approximately $3.036 million. Valid applications for 77,844,062 new shares were received by the closing date, with additional shares designated for ineligible shareholders.
Shareholder Impact
The Company’s largest shareholder, Humanforce Holdings Pty Ltd, participated fully in the offer, increasing its stake to 87.76% of the total shares on issue. The new shares are expected to commence trading on the ASX on 22 November 2024 and will rank equally with existing shares.
Executive Comments
LiveHire’s strategy continues to focus on enhancing shareholder value and strengthening its market position, according to the Independent Board Committee.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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