BRIEF-NEXTDC Undertaking A Capital Raising

Reuters

2024/09/10

Sept 10 (Reuters) - NEXTDC Ltd :

* UNDERTAKING A CAPITAL RAISING BY WAY OF A FULLY UNDERWRITTEN A$550 MILLION INSTITUTIONAL PLACEMENT

* NON-UNDERWRITTEN SHARE PURCHASE PLAN OF UP TO A MAXIMUM OF A$200 MILLION

* PROCEEDS RECEIVED FROM CAPITAL RAISING ARE INTENDED TO BE APPLIED TO ACQUISITION OF NEW DATA CENTRE DEVELOPMENT SITES IN ASIA

* SEES NET REVENUE IN RANGE OF A$340 MILLION TO A$350 MILLION FOR FY25

* SEES CAPITAL EXPENDITURE IN RANGE OF A$1,300 MILLION TO A$1,500 MILLION FOR FY25

* PLACEMENT AT A$17.15 PER SHARE

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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