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Acrow Limited (ASX:ACF)
ALERT: Price-sensitive ASX Announcement for ACF
Current share price for ACF : $0.880 -0.055 (-5.88%)+
Announcement
Release
24 Jun 2026 8:35AM
Price at Release
$0.935
Full Release
Summary
Acrow Limited has announced a fully underwritten $10 million Share Purchase Plan (SPP), backed by Morgans Corporate Limited and Shaw and Partners Limited. This plan follows strong institutional support for a previously announced $70 million two-tranche placement. The SPP is open to shareholders with registered addresses in Australia or New Zealand as of 17 June 2026. The terms will be detailed in an offer booklet available on 29 June 2026. Key dates include the closing of the SPP on 16 July 2026 and a shareholder meeting to approve the issuance of shortfall shares on 28 July 2026. Acrow aims to strengthen its position in the construction systems industry in Australia.
Key Points
- Acrow announces a $10 million fully underwritten Share Purchase Plan
- Plan underwritten by Morgans Corporate Limited and Shaw and Partners Limited
- Open to shareholders in Australia and New Zealand as of 17 June 2026
- SPP offer booklet available to shareholders on 29 June 2026
- SPP closes on 16 July 2026
- Shareholder meeting to approve shortfall shares on 28 July 2026
- Acrow's focus on expanding in the construction systems industry in Australia
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.
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