|incitec pivot equity raise||0.31||0.5||7204||65|
Chief executive Jeanne Johns described the move as "pre-emptive" given the significant global economic uncertainty likely to weigh on customer demand and heighten risks around a recovery in commodity prices. Incitec Pivot CEO Jeanne Johns described the capital raising as "pre-emptive".Who is the latest company to raise equity?
Industrial chemicals maker Incitec Pivot has become the latest company to tap shareholders for equity during the COVID-19 pandemic, with plans to raise up to $675 million less than a month after ditching plans for a spin-off of its fertilisers business.What kind of chemicals does Incitec Pivot produce?
Incitec Pivot Limited businesses produce and export a wide range of explosives, industrial chemicals and fertilisers to service the resources and agriculture sectors. At Incitec Pivot Limited, our number one priority is Zero Harm for everyone, everywhere.What was the price of Incitec share sale?
The share sale comprises a $600 million placement to institutional investors and a share purchase plan to raise up to a further $75 million. The stock was priced at $2 apiece, an 8.7 per cent discount to Friday's close.