The Market Herald issues discounted shares to pay down debt

Darcy Song

January 24, 2023 2:26

In an ASX announcement, The Market Herald said it is offering new shares with a 15% discount rate for shareholders, in a bid to raise funds and pay down debt from purchasing Gumtree, Carsguide and Autotrader.

The company halted its trading yesterday afternoon in preparation for the announcement.

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Darcy Song

Darcy Song was a reporter at Mumbrella, covering media owners, adtech and social platforms. She left in October 2023.

Topics

The Market Herald

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The Market Herald issues discounted shares to pay down debt

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