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Stargroup Ltd Closes Entitlement Offer

Stargroup Ltd's (ASX:STL) has now closed its 1 for 6 pro rata non-renounceable offer.

The take-up was strong with 83 million shares, well over 70%, with the company co-ordinating a shortfall placement on 30th June 2016.

The new shares will commence trading on the 1st July 2016.

Funds from the offer will be used to complete the final payment for the CashmyATM value accretive acquisition.

The acquisition delivers 95 ATM's to the group's network, swelling the total to over 365 machines processing 2.9 million transactions annually.

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