BUZZ-Australia's Electro Optic Systems slides on discounted placement

Reuters03-25

** Shares of Electro Optic Systems fall as much as 19% to A$1.685 - set for worst session since Sept. 8, 2022, if current losses hold

** Shares hit their lowest level since Feb. 28

** Co completes A$35 mln ($22.80 mln) placement

** Issue price of A$1.70 per share represents an 18.3% discount to stock's last closing price

** EOS top loser in the ASX All Ordinaries index

** Stock had doubled in value this year, as of last close

($1 = 1.5352 Australian dollars)

(Reporting by Himanshi Akhand in Bengaluru)

((Himanshi.Akhand@thomsonreuters.com;))

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