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AUB Group Limited (ASX:AUB)

ALERT: Price-sensitive ASX Announcement for AUB
Current share price for AUB : $29.160 -2.75 (-8.62%)+
Announcement
Release
28 Jan 2026 9:17AM
Price at Release
$31.910
Full Release
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Summary
AUB Group Limited announced the successful completion of an AUD 400 million institutional placement, involving the issuance of approximately 13.6 million shares at AUD 29.40 each. This placement attracted significant demand from existing and new shareholders and was conducted to fund the acquisition of Prestige and other strategic opportunities. Additionally, AUB plans to offer a non-underwritten Share Purchase Plan (SPP) to eligible shareholders aiming to raise up to AUD 40 million. The placement and SPP are part of AUB's strategy to enhance its market position and accelerate its UK retail strategy.
Key Points
  • AUB Group completed an AUD 400mn placement.
  • Approximately 13.6mn shares were issued at AUD 29.40.
  • The placement saw strong demand from existing and new investors.
  • Funds will be used for the acquisition of Prestige and other opportunities.
  • AUB plans a non-underwritten AUD 40mn Share Purchase Plan.
  • The SPP offer period is from 4 February to 26 February 2026.
  • Shares in the SPP will be issued at a discount based on the VWAP.
  • AUB aims to accelerate its UK Retail strategy with this funding.
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.