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Intelligent Monitoring Group Limited (ASX:IMB)

ALERT: Price-sensitive ASX Announcement for IMB
Current share price for IMB : $0.550 -0.09 (-14.06%)+
Announcement
Release
16 Dec 2025 10:20AM
Price at Release
$0.640
Full Release
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Summary
Intelligent Monitoring Group Limited (IMG) announced the successful completion of a $20 million equity placement, issuing approximately 34.5 million new shares at $0.58 each, reflecting a 10.1% discount to the last closing price. The proceeds will be used to enhance working capital following the proposed acquisitions of Tyco New Zealand and Red Wolf Security, returning the company's pro-forma gearing to 1.6x Net Debt to EBITDA. These acquisitions are expected to bolster IMG's position in New Zealand, facilitating organic growth. The new shares are set to settle and allot in late December 2025, with Canaccord Genuity and Morgans Corporate acting as joint lead managers. Managing Director Dennison Hambling emphasized the strategic positioning this placement provides in growing IMG as a leading technical security and fire services business.
Key Points
  • IMG completed a $20 million equity placement.
  • 34.5 million new shares issued at $0.58 each.
  • Placement was at a 10.1% discount to last closing price.
  • Funds will support the acquisitions of Tyco New Zealand and Red Wolf Security.
  • Pro-forma gearing returns to 1.6x Net Debt to EBITDA.
  • Shares to settle on December 22 and allot on December 23, 2025.
  • Canaccord Genuity and Morgans Corporate were joint lead managers.
  • The acquisition strengthens IMG's New Zealand presence.
  • Managing Director Dennison Hambling highlights the strategic growth from the placement.
  • Announcement authorized by the Board of Intelligent Monitoring Group Limited.
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.