ASG completes $10m capital raising

IT services provider ASG Group has completed a $10 million capital raising and will use the funds to pay for the construction of a new data centre in Perth.

ASG issued 8.3 million new shares at $1.20 per share, a discount of 5.9 per cent to the last closing price of ASG shares.


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ASG Group (ASZ)

Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/08/16

1 year TSR5 year TSR
227thSouthern Cross Electrical Engineering60%-4%
277thASG Group39%10%
564thGlobal Construction Services-14%-19%
608thCoventry Group-23%-8%
777 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$990k Sold
$20k Bought
$10k Bought
Total value as at the date of the transaction
Source: Morningstar


30th↓Southern Cross Electrical Engineering$207.8m
31st↑ASG Group$188.7m
32nd↑Global Construction Services$185.4m
33rd↓Coventry Group$183.1m
197 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from ASG Group

37thGeoff Lewis$1.294m
127thDean Langenbach$721k
151stGerald Strautins$656k
Ranked by total remuneration from all listed WA companies

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