Macquarie shows interest in YBR offering
The newly transformed Yellow Brick Road Holdings (YBR) has successfully completed its capital raising of over $12.5 million, with Macquarie Investment Management showing a late interest in the group.
The initial public offering was oversubscribed, with all 31,250,000 ordinary fully paid shares at $0.40 each being taken up by investors.
YBR has since announced to the stock exchange that a further 1,000,000 shares have been allotted to Macquarie Investment Management as follow-on public offer, giving Macquarie a 7.06 per cent share of the company.
Further, the company has officially acquired Yellow Brick Road Group and issued over 84,000,000 shares to vendor shareholders.
The company stated it is working with the stock exchange to re-comply with listing rules, and expects to be reinstated to official quotation on 3 June, 2011.
AUTHOR
Ashleigh McIntyre
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