Navigator Global Investments: Completes $3.87m SPP

Navigator Global Investments Completes $3.87m SPP

• Navigator Global Investments (NGI) successfully completes its share purchase plan (SPP) and raises over $3.87 million
• Participants were able to subscribe for up to $30,000 worth of fully-paid ordinary shares that were priced at $1.48 each
• The SPP followed the recent $47 million placement which was undertaken to grab a 19.8 per cent stake in US real estate manager Marble Capital for US$100 million
• Under the placement, around 30.4 million new shares were issued to participants at a price of $1.55 per share
• Shares in Navigator are up 1.03 per cent on market close and trading at $1.47.