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Finder Energy Holdings Limited (ASX:FDR)

ALERT: Price-sensitive ASX Announcement for FDR
Current share price for FDR : $0.340 -0.12 (-26.09%)+
Announcement
Release
6 May 2026 11:18AM
Price at Release
$0.460
Full Release
download
Summary
Finder Energy Holdings Limited has announced the opening of its Share Purchase Plan (SPP) to raise up to $3 million. The SPP allows eligible shareholders in Australia and New Zealand, as of the record date, to purchase up to $30,000 worth of new shares at a price of $0.50 per share, which represents a discount to the recent trading prices. The plan is non-renounceable and allows shareholders to buy shares without brokerage or transaction costs. The offer opens on May 6, 2026, and closes on May 27, 2026. The funds raised will be used to support the KTJ Project, including mobilizing resources for engineering and procurement, and procuring essential long-lead items. Finder reserves the right to scale back applications if they exceed the target amount.
Key Points
  • Finder Energy Holdings Limited opens Share Purchase Plan (SPP) to raise $3 million.
  • Eligible shareholders in Australia and New Zealand can purchase up to $30,000 in shares.
  • SPP shares priced at $0.50 each, representing a discount to market prices.
  • No brokerage or transaction costs for participants.
  • SPP opens May 6, 2026, and closes May 27, 2026.
  • Funds will support the KTJ Project and other initiatives.
  • Finder reserves the right to scale back applications if oversubscribed.
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.