Capital Raise

Tuesday August 17, 2021

Applications closed for the Wholesale Capital Raise on the 2nd August 2021.

 As indicated in the Annual Report and detailed in the Offer Letter, we were looking to raise $25m, with the ability to lift that figure to $30m, or above at the discretion of the Board.

The Board and Management are really pleased and excited by the acceptances received, with a total of close to $32m worth of shares applied for by existing shareholders.

Following the positive response, it was agreed by the Board that the full value of acceptances would be taken, resulting in 425,477 shares being issued.

These funds allow FLC to not only strengthen its Balance Sheet position in the current environment, but also provide the ability to capitalize on any sizeable acquisition opportunities in the coming years.