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Bapcor Limited (ASX:BAP)

ALERT: Price-sensitive ASX Announcement for BAP
Current share price for BAP : $0.370 -0.335 (-47.52%)+
Announcement
Release
5 Mar 2026 8:26AM
Price at Release
$0.705
Full Release
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Summary
Bapcor Limited announced a fully underwritten equity raising initiative consisting of a pro rata accelerated non-renounceable entitlement offer to raise approximately A$150 million and a 'Pro Rata' placement to raise approximately A$50 million. The offer is structured to provide existing shareholders the opportunity to purchase 1 new share for every 1.36 shares held at an offer price of $0.60 per share. The proceeds aim to reduce Bapcor's debt and enhance financial flexibility. The Retail Entitlement Offer is open from 5 March 2026 to 19 March 2026, allowing eligible retail shareholders to apply for additional shares under an oversubscription facility, subject to availability and at the discretion of Bapcor’s Board. All new shares will rank equally with existing shares and the entitlement offer is non-renounceable, meaning shares cannot be traded or transferred.
Key Points
  • 1 for 1.36 pro rata accelerated non-renounceable entitlement offer.
  • Offer price set at $0.60 per new share.
  • Retail Entitlement Offer open from 5 March 2026 to 19 March 2026.
  • Proceeds to reduce Bapcor’s debt and improve financial flexibility.
  • Eligible retail shareholders may apply for additional shares up to 35% of their entitlement.
  • The offer is fully underwritten.
  • New shares will rank equally with existing shares.
  • The offer aims to raise approximately A$150 million.
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.