Gunns Ltd has so far managed to raise A$336m from its capital raising programme.
It has garnered the A$336 through its institutional entitlement offer, A$36m above its target amount for that area.
A retail entitlement offer opened on September 4 (closing on September 24) with the intention of raising a further A$130m as part of Gunns’ efforts to repay debts and recapitalise its balance sheet.
“Gunns’ recapitalised balance sheet will provide it with a robust financial structure to support future growth and deliver shareholder returns,” said managing director John Gay.
