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Count Limited (ASX:CUP)

ALERT: Price-sensitive ASX Announcement for CUP
Current share price for CUP : $1.525 0.39 (34.36%)+
Announcement
Release
1 Apr 2026 9:08AM
Price at Release
$1.135
Full Release
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Summary
Count Limited announced the successful completion of a $35.9 million institutional placement to fund the acquisition of Oracle Group. The placement was highly supported by both existing and new investors, with shares issued at a 7.5% discount to the last closing price. Directors also committed to subscribe for additional shares, pending shareholder approval. A Share Purchase Plan is set to raise an additional $5 million. The new shares will be traded on the ASX starting April 9, 2026.
Key Points
  • Successful completion of $35.9 million placement.
  • 34.2 million new shares issued at $1.05 per share.
  • Acquisition of Oracle Group to be funded partially by placement.
  • Strong support from institutional investors.
  • Directors to subscribe for $315,000 of new shares pending approval.
  • Share Purchase Plan to raise up to $5 million.
  • Settlement and trading of new shares expected on April 9, 2026.
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.