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Big River Industries Limited (ASX:BRI)

ALERT: Price-sensitive ASX Announcement for BRI
Current share price for BRI : $1.320 -0.085 (-6.05%)+
Announcement
Release
24 Dec 2025 8:30AM
Price at Release
$1.405
Full Release
download
Summary
Big River Industries Limited announced the successful completion of its approximately $10 million renounceable entitlement offer. The offer was aimed at partially funding the acquisition of Johns Building Supplies, a leading distributor in Western Australia. The offer was priced at A$1.37 per share and was oversubscribed, reflecting strong shareholder support and confidence in the transaction. The entitlement offer closed on 17 December 2025, raising a total of $8 million with a 79% participation rate. The shortfall was approximately 1.5 million shares, or about $2 million. Rights of ineligible foreign shareholders were sold on-market, and the proceeds distributed. The shares from this offer were set to commence trading on 29 December 2025.
Key Points
  • Successful completion of ~$10 million entitlement offer
  • Offer priced at A$1.37 per share
  • Acquisition of Johns Building Supplies
  • 79% participation rate in the entitlement offer
  • Oversubscribed offer with high shareholder demand
  • Entitlement offer closed on 17 December 2025
  • Entitlement offer shortfall of approximately 1.5 million shares
  • Shares to commence trading on 29 December 2025
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.