Johns Lyng Group: Raises a further $9m

Johns Lyng Group Raises a further $9m

• Johns Lyng Group (JLG) has raised a further $9 million through the retail component of an entitlement offer
• The construction business previously brought in $221 million via a placement and the institutional component of the same entitlement offer
• Under the entitlement offer, shareholders were offered one new JLG security for every 35.91 shares already held
• John LyngGroup also advised its acquisition of Reconstruction Experts via share purchase agreement has now been completed
• Shares in JLG ended the day down 0.79 per cent at $8.82 per share