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Fat Prophets Global Contrarian Fund Limited (ASX:FPC)

ALERT: Price-sensitive ASX Announcement for FPC
Current share price for FPC : $1.340 -0.16 (-10.67%)+
Announcement
Release
24 Apr 2026 1:24PM
Price at Release
$1.500
Full Release
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Summary
Fat Prophets Global Contrarian Fund Limited (FPC) announced a non-renounceable, pro-rata rights issue for eligible shareholders, offering one new share for every five shares held as of 30 April 2026. The issue price will be the lesser of $1.50 and the 5-day VWAP, with the issue anticipated to raise approximately $8.451 million if fully subscribed. Each new share includes an option exercisable at $1.80 by 5 June 2027. The rights issue is partly underwritten by Nightingale Partners Limited for up to $1,000,000.50. Key executives, including CIO Angus Geddes, intend to fully subscribe. The initiative allows shareholders to increase their holdings without brokerage fees, with a closing date set for 2 June 2026 and trading on a deferred settlement basis set to commence on 3 June 2026.
Key Points
  • Non-renounceable, pro-rata rights issue announced by Fat Prophets Global Contrarian Fund Limited (FPC).
  • Eligible shareholders can subscribe to one new share for every five shares held as of 30 April 2026.
  • Issue price is the lower of $1.50 and the 5-day VWAP up to the closing date.
  • Rights Issue aims to raise approximately $8.451 million if fully subscribed.
  • Each new share comes with an option exercisable at $1.80 before 5 June 2027.
  • Partly underwritten by Nightingale Partners Limited for up to $1,000,000.50.
  • CIO Angus Geddes and other directors intend to take up their full allocation.
  • The Rights Issue provides an opportunity to increase shareholding without brokerage fees.
  • Key dates include the closing date of 2 June 2026 and trading on a deferred settlement basis beginning 3 June 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.