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Avita Medical's ReCell regenerative medicine technology.

Avita taps investors for $17m

The company commercialising an innovative spray-on burns treatment co-developed by medical entrepreneur Fiona Wood has launched a $17 million capital raising.

Perth-based Avita Medical has raised $4.5 million through the placement of 101 million shares at 4.5 cents each, and plans to raise a further $12.4 million by way of a one-for-2.8 rights issue at the same price.

The price represents a 33.6 per cent discount to Avita’s 30-day volume-weighted average price.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
401stSuda-5%-10%
590thAvita Medical-34%-13%
609thAdvanced Braking Technology-37%-22%
636thResource Development Group-41%-36%
643rdStargroup-42%-21%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

22/05/17
$3k Issued
22/05/17
$5k Issued
22/05/17
$5k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

90th↑Stargroup$9.4m
91st↓Resource Development Group$9.3m
92nd↑Avita Medical$8.0m
93rd↓Advanced Braking Technology$7.7m
94th↓Suda$7.3m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Avita Medical

257thTim Rooney$506k
381stAndrew Quick$366k
677thLorraine Glover$216k
Ranked by total remuneration from all listed WA companies

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