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Acrow Limited (ASX:ACF)

ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.880 -0.03 (-3.30%)+
Announcement
Release
19 Jun 2026 9:39AM
Price at Release
$0.910
Full Release
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Summary
Acrow Limited announced the completion of a $70 million fully underwritten two-tranche institutional placement to support strategic acquisitions and debt reduction. The placement, underwritten by Morgans Corporate Limited and Shaw and Partners Limited, aims to fund the acquisitions of Ausgroup Industrial Services and Preston SuperDeck® and is projected to be EPS accretive on a pro-forma basis. Additionally, Acrow has launched a Share Purchase Plan to raise up to $10 million and has upgraded its FY27 revenue and EBITDA projections.
Key Points
  • Acrow Limited completed a $70 million two-tranche institutional placement.
  • The funds will be used for acquisitions and debt reduction.
  • The placement was fully underwritten by Morgans Corporate Limited and Shaw and Partners Limited.
  • A Share Purchase Plan will raise up to $10 million.
  • The acquisition is expected to be EPS accretive on a pro-forma basis.
  • FY27 revenue and EBITDA guidance has been upgraded.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.