CSG raises $5m in share purchase plan

CSG raises $5m in share purchase plan

IT company CSG Limited (ASX:CSV) has raised $5 million in a share purchase plan.

The company had offered shareholders the chance to buy new shares at an issue price of $1.90 per share.

While CSG had received applications for $6.8 million worth of new shares, it decided to scale back allocations to the $5 million, which means eligible applicants will receive around 75% of the shares applied for.

Holding statements should be dispatched to shareholders today.

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