InvestSMART

Baumart Holdings Limited (ASX:BMH)

ALERT: Price-sensitive ASX Announcement for BMH
Current share price for BMH : $0.011 0.001 (10%)+
Announcement
Release
13 Aug 2026 8:15AM
Price at Release
$0.010
Full Release
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Summary
BauMart Holdings Limited announced a placement of 24,446,268 new fully paid ordinary shares at $0.01 each, raising $244,462.68 before costs. The new shares will be issued under the company's existing 15% placement capacity according to ASX Listing Rule 7.1, eliminating the need for shareholder approval. Proceeds from this placement will be used to support ongoing operational and marketing activities for its BuildMart Modular business, including research and development, as well as for general working capital. The new shares will align with the existing shares in all respects. The decision was authorized by the board and reflects the company's ongoing growth strategy in the building materials and construction sector.
Key Points
  • Placement of 24,446,268 new shares at $0.01 each.
  • Total funds raised: $244,462.68 before costs.
  • Placement utilized existing 15% capacity under ASX Listing Rule 7.1.
  • No shareholder approval required for this placement.
  • Funds will support BuildMart Modular's operational and marketing activities.
  • Research and development activities included in fund usage.
  • Placement authorized by BauMart Holdings Limited's Board.
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.