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Cuscal Limited (ASX:CCL)

ALERT: Price-sensitive ASX Announcement for CCL
Current share price for CCL : $4.900 0.69 (16.39%)+
Announcement
Release
15 Apr 2026 8:52AM
Price at Release
$4.210
Full Release
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Summary
Cuscal Limited announced the successful completion of a A$30 million institutional placement to aid in the acquisition of Paymark Limited. The placement involved issuing approximately 7.5 million new shares at A$4.00 each, a 5% discount to the last closing price. The placement was well-received by both existing shareholders and new investors. Additionally, a Share Purchase Plan (SPP) will be offered to eligible shareholders in Australia and New Zealand to raise up to A$3 million. The new shares from the placement will rank equally with existing shares, and the transaction is expected to settle by April 17, 2026, with trading commencing on April 20, 2026.
Key Points
  • Cuscal completes A$30 million placement
  • Funds to acquire Paymark Limited
  • 7.5 million new shares at A$4.00 each
  • 5% discount to last closing price
  • Strong support from shareholders
  • Settlement and trading dates in April 2026
  • SPP to raise up to A$3 million
  • Shares rank equally with existing ones
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.