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Latitude Group Holdings Limited (ASX:LFS)

ALERT: Price-sensitive ASX Announcement for LFS
Current share price for LFS : $0.900 -0.01 (-1.10%)+
Announcement
Release
1 Apr 2026 8:23AM
Price at Release
$0.910
Full Release
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Summary
The document is a replacement prospectus for Latitude Capital Notes 2 issued by Latitude Group Holdings Limited, detailing a financial offer of A$130 million in unsecured, subordinated debt instruments ranking ahead of ordinary shares. The prospectus outlines both a New Money Offer and a Reinvestment Offer, allowing eligible holders of existing Capital Notes 1 to reinvest in the new issuance. The notes offer a floating distribution rate and the initial optional redemption is set for 28 April 2031. Applications are restricted to eligible investors through Syndicate Brokers, and the offer is not underwritten. Various risks associated with the investment, including market, credit, and regulatory risks, are highlighted.
Key Points
  • Latitude Capital Notes 2 are issued by Latitude Group Holdings Limited.
  • The offer includes both a New Money Offer and a Reinvestment Offer.
  • Capital Notes 2 are unsecured, subordinated notes ranking ahead of ordinary shares.
  • The offer size is A$130 million, with external issue costs of A$3.7 million.
  • The Reinvestment Offer allows eligible holders to reinvest Capital Notes 1 into Capital Notes 2.
  • The initial optional redemption date for Capital Notes 2 is 28 April 2031.
  • Capital Notes 2 have a distribution rate that is a floating rate.
  • There is no general public offer; applications must be through Syndicate Brokers.
  • The Capital Notes 2 offer is not underwritten.
  • Key risks include market risks, credit risks, and regulatory risks.
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.