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Cash Converters International (ASX:CCV)

ALERT: Price-sensitive ASX Announcement for CCV
Current share price for CCV : $0.290 -0.06 (-17.14%)+
Announcement
Release
29 Oct 2025 9:23AM
Price at Release
$0.350
Full Release
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Summary
Cash Converters International Limited (ASX: CCV) announced the successful completion of its Placement and Institutional Entitlement Offer bookbuild as part of an equity raising initiative. The institutional component, which was fully underwritten, raised approximately $15.74 million, while the retail component is expected to raise around $9.26 million, making the total expected size of the equity raising approximately $25.0 million. The funds are intended to support the acquisition of 29 franchise stores across NSW, QLD, ACT, and TAS, and cover associated costs. EZCORP, Inc., the company's largest shareholder, committed to its full entitlement and agreed to further sub-underwrite part of the Retail Entitlement Offer. The newly issued shares will commence trading shortly, with the Retail Entitlement Offer set to open on 3 November 2025.
Key Points
  • Successful completion of the Placement and Institutional Entitlement Offer
  • Total expected size of the equity raising is approximately $25.0 million
  • Funds to be used for the acquisition of 29 franchise stores and associated costs
  • EZCORP subscribed for its full entitlement and will sub-underwrite part of the Retail Offer
  • New shares to commence trading and the Retail Entitlement Offer opens on 3 November 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.