Whittens & McKeough recently acted as legal adviser QV Equities Limited (ASX:QVE) on its recent capital raising comprising of a $35 million institutional share placement and $35 million share purchase plan. The heavily over-subscribed placement was lead managed by Commonwealth Securities Limited (CommSec) and was followed by an offer to all existing eligible shareholders to participate in a share purchase plan.
QVE is an ASX-listed investment company established with the primary objective of providing both long term capital growth and income, through a diversified portfolio of ASX listed entities outside of the S&P/ASX 20 Index. QVE is managed by Investors Mutual Limited, a multi award-winning and experienced investment management company, with an excellent track record of successfully managing Australian equities since 1998.
In congratulating QVE and its management team, Anand said “We were thrilled to act as QVE’s legal counsel on this deal. It is terrific to be involved with a leading Australian-based listed investment company. We look forward to being involved in QVE’s further growth and continued success.”