NetComm: strengthening the balance sheet

We maintain a buy and are comfortable with the long term goals and projects NTC is chasing.

NetComm Wireless (NTC) this morning announced a fully underwritten $50 million placement of ordinary shares to sophisticated and institutional investors, with a minimum price of $2.93 (9.9 per cent discount to last closing price of $3.25). This means a maximum of 17,064,846 ordinary NTC shares will be issued dependent on the final placement price.

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