WCL placement
Pharmaceutical group, Western Capital (WCL), said it would make a fully under written private placement of 10 million shares at Aust2ooc each, chiefly to two major shareholders. Western Capital executive director, Mr Tony Fitzgerald, said Swedish businessman Erik Penser had agreed to subscribe for 4.25 M shares which would lift his shareholding from 19.4 per cent to 23.2 per cent. French, group, Paribas, would also subscribe for 2M shares and underwrite the issue for a further 1.87 M shares.
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Press, 30 August 1989, Page 42
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81WCL placement Press, 30 August 1989, Page 42
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