AMA Group's Retail Entitlement Offer Completion

AMA Group Limited (ASX: $AMA) has successfully completed the retail component of its 1 for 0.82 pro rata accelerated renounceable entitlement offer and institutional placement of new shares, raising approximately $41.0m. The total amount raised under the Equity Raising is approximately $125.0m.

Executive Commentary on Retail Entitlement Offer

The completion of the retail component of the entitlement offer and institutional placement marks a significant milestone for AMA Group. The successful outcome reflects the support and confidence of our shareholders in the Group's strategic initiatives and future prospects. We are pleased with the strong interest shown by eligible retail shareholders, and we remain committed to delivering long-term value for all our stakeholders.

Summary of AMA Group's Equity Raising

AMA Group (ASX: $AMA) has concluded the retail component of its entitlement offer and institutional placement, raising approximately $41.0m and bringing the total Equity Raising to approximately $125.0m. The Retail Entitlement Offer received 516 valid applications for retail entitlements, with approved applications totaling approximately 414.0 million New Shares equating to approximately $17.4m. The Retail Shortfall Bookbuild will determine the sale of the remaining New Shares to certain institutional investors. Approximately 978.3 million New Shares are expected to be allotted on Thursday, 15 August 2024, and will trade on the ASX on Friday, 16 August 2024. The Group emphasizes the importance of seeking professional advice before making any investment decision and highlights that the announcement does not constitute investment, legal, tax, or other advice. AMA Group's forward-looking statements caution investors against placing undue reliance on them and emphasize the unpredictable nature of market conditions and business strategies.