- Ambertech (AMO) is getting ready to raise more capital through a placement and share purchase plan (SPP)
- The audio visual distributor placed its shares in a trading halt on Wednesday morning so it can push ahead with a fundraise
- Full details of the placement and SPP will be released on or before Friday, October 22 — the last day the halt is in effect
- Ambertech ended the 2021 financial year with $5.09 million profit and declared a 1.6 cent dividend for shareholders
- Before today’s halt, AMO securities traded at 47.5 cents each
Ambertech (AMO) is getting ready to raise more capital through a placement and share purchase plan (SPP).
The audio visual distributor is best know for its technical solutions and installations throughout the media and recording sectors.
The company placed its shares in a trading halt on Wednesday morning so it can push ahead with a fundraise.
Full details of the placement and SPP will be released on or before Friday, October 22 — the last day the halt is in effect.
Ambertech ended the 2021 financial year with $5.09 million profit after bringing in more than $80 million in revenue.
AMO spent roughly $5.53 million in operating activities during the period, with most of that going towards payments to suppliers and employees.
The business also declared a 1.6 cent final dividend for shareholders at the end of FY21, with the dividend paid out earlier this month.
Before today’s halt, AMO securities traded at 47.5 cents each on Tuesday, October 19.