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L1 Global Long Short Fund Limited (ASX:GLS)

ALERT: Price-sensitive ASX Announcement for GLS
Current share price for GLS : $2.040 0.33 (19.30%)+
Announcement
Release
22 Dec 2025 8:30AM
Price at Release
$1.710
Full Release
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Summary
L1 Global Long Short Fund Limited announced the successful completion of a pro-rata non-renounceable entitlement offer and a shortfall offer, collectively raising approximately $415 million at an offer price of $1.63 per share. This was supplemented by an institutional placement raising an additional $62 million, bringing the total equity raising to approximately $477 million. The funds will be invested in accordance with L1 Capital's Global Long Short Strategy. A total of 292,682,383 new shares were issued, which will rank equally with existing shares, and are expected to commence trading on the ASX on 30 December 2025.
Key Points
  • Successful equity raising of approximately $477 million.
  • Completion of entitlement and shortfall offers raising $415 million.
  • Institutional placement raised an additional $62 million.
  • Proceeds to be invested in L1 Capital's Global Long Short Strategy.
  • 292,682,383 new shares issued in total.
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.