e-pay Asia (ASX:EPY) raises $1.6m from rights issue

e-pay Asia (ASX:EPY) raises $1.6m from rights issue

Electronic payments company e-Pay Asia (ASX:EPY) has revealed it raised $1.6 million from a recent rights issue – an acceptance rate of around 62%.

The 10.8 million share shortfall will be allocated to underwriters Centurion Portfolio.

The new shares are expected to be allocated to shareholders on September 1.

EPY shares are today trading 6.06% higher at $0.105, in the afterglow of yesterday's revelation it had more than doubled its FY10 profit.

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Tags e-pay Asiarights issuecapital raisingASX:EPY

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