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GenusPlus Group Ltd (ASX:GNP)

ALERT: Price-sensitive ASX Announcement for GNP
Current share price for GNP : $9.130 -0.61 (-6.26%)+
Announcement
Release
20 May 2026 9:16AM
Price at Release
$9.740
Full Release
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Summary
GenusPlus Group Ltd (ASX: GNP) has announced a A$200 million placement to fund the acquisition of MPC Kinetic Holdings Pty Ltd. This placement, supported by institutional and sophisticated investors, involves issuing approximately 21.6 million fully paid ordinary shares at A$9.25 each, a 5.0% discount to the last closing price. Proceeds will be partly used for the acquisition of MPC Kinetic, with Bell Potter Securities Limited and Euroz Hartleys Limited acting as Joint Lead Managers. The shares will rank pari passu with existing shares, and the acquisition is expected to complete by 1 July 2026.
Key Points
  • A$200 million placement for MPC Kinetic acquisition
  • Placement at A$9.25 per New Share
  • 5.0% discount to last closing price
  • Bell Potter and Euroz Hartleys as Joint Lead Managers
  • Completion of acquisition expected by 1 July 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.