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Eureka Group Holdings Limited (ASX:EGH)

ALERT: Price-sensitive ASX Announcement for EGH
Current share price for EGH : $0.630 -0.01 (-1.56%)+
Announcement
Release
10 Sep 2026 8:54AM
Price at Release
$0.640
Full Release
download
Summary
Eureka Group Holdings Limited’s Retail Offer Booklet dated 10 September 2026 outlines the retail component of a fully underwritten 1-for-3.29 accelerated non-renounceable pro rata entitlement offer of new fully paid ordinary shares at $0.615 per share to raise approximately $80.2 million, comprising about $70.7 million from the institutional component and about $9.5 million from the retail component, with proceeds to partially fund the $123.8 million acquisition of six lifestyle and mixed-use New South Wales communities from Ingenia Communities Group and to pay offer costs; the acquisition adds 953 sites across Greater Sydney, the Central Coast, Hunter Valley and Shoalhaven, materially increasing Eureka’s scale, NSW exposure and assets under management, while management states FY27 underlying EPS guidance is upgraded to at least 4.2 cents per share; eligible retail shareholders in Australia and New Zealand on the 7 September 2026 record date may subscribe for one new share for every 3.29 existing shares, and those taking up their full entitlement may also apply for additional shares under an oversubscription facility subject to availability and scale back, with the retail offer opening on 10 September 2026 and closing at 5.00pm AEST on 23 September 2026, and the booklet also sets out the effect on capital structure, noting post-offer shares on issue of about 559.3 million, possible dilution for non-participating holders, underwriting terms, key risks, and Australian tax considerations for investors.
Key Points
  • Retail Offer Booklet dated 10 September 2026 for Eureka Group Holdings Limited’s retail entitlement offer.
  • Offer is a 1 for 3.29 accelerated non-renounceable pro rata entitlement offer at $0.615 per new share.
  • Total capital raising is approximately $80.2 million, with about $70.7 million already raised from institutions and about $9.5 million targeted from retail shareholders.
  • The entitlement offer is fully underwritten by MA Moelis Australia Advisory Pty Ltd, Morgans Corporate Limited and Unified Capital Partners Pty Ltd.
  • Funds will be used primarily to partially fund the $123.8 million acquisition of six NSW lifestyle and mixed-use communities and to cover offer costs.
  • The NSW Living Portfolio comprises 953 sites across Greater Sydney, Central Coast, Hunter Valley and Shoalhaven.
  • Eureka says the acquisition is transformational, increasing portfolio scale, NSW exposure and recurring income.
  • FY27 underlying EPS guidance is upgraded to at least 4.2 cents per share, compared with previous guidance of at least 3.9 cents per share.
  • Eligible retail shareholders may apply for 1 new share for every 3.29 existing shares held at the 7.00pm AEST record date on 7 September 2026.
  • Shareholders who take up their full entitlement may also apply for additional shares through an oversubscription facility.
  • The retail offer opened on 10 September 2026 and closes at 5.00pm AEST on 23 September 2026 unless extended or withdrawn.
  • The offer is non-renounceable, so entitlements cannot be traded, sold or transferred.
  • New shares issued under the offer will rank equally with existing shares from issue date.
  • Post-offer shares on issue are expected to be about 559,272,527, subject to rounding and reconciliation.
  • Non-participating shareholders will experience dilution, with the booklet indicating dilution of about 30.4% if no entitlement is taken up.
  • The booklet includes details on control effects, substantial shareholders, underwriting terms, risks and Australian taxation consequences.
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.