Vocation Ltd (ASX:VET) is at the forefront of the Australian training and education industry. Our innovative delivery methods and rapidly growing online platform is changing the game for our students, business clients and shareholders.
Vocation Ltd
ASX:VET ISIN:AU000000VET1
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Vocation Ltd (ASX:VET) (Vocation) today announces the successful completion of its institutional placement to raise approximately $74 million.
Vocation Ltd (ASX:VET) today announces a fully underwritten placement to institutional and sophisticated investors to raise approximately $74 million (Offer) at the offer price of $3.05 through the issue of approximately 24.3 million new shares.
Vocation (ASX:VET) is aware of press speculation regarding the Company's Victorian funding contracts. Vocation would like to reiterate that it takes its disclosure obligations extremely seriously and is comfortable it has complied with these obligations at all times.
Vocation Ltd (ASX:VET), one of Australia's largest private vocational training and higher education providers, today reported a strong result for the 12 months to 30 June 2014. On a pro forma basis, Revenue was $137.2 million, EBITA was $36.1 million and NPATA was $25.5 million.
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