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Murray Cod Australia Limited (ASX:MCA)

ALERT: Price-sensitive ASX Announcement for MCA
Current share price for MCA : $0.150 -0.113 (-42.86%)+
Announcement
Release
5 May 2026 9:33AM
Price at Release
$0.263
Full Release
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Summary
Murray Cod Australia Limited announced the successful completion of its institutional entitlement offer, raising approximately $10.1 million. This offer, which was supported by institutional shareholders, was priced at $0.15 per New Share with a take-up rate of 67.59%. The settlement for these shares is expected to occur on May 11, 2026, with trading commencing the next day. The retail component of the offer will open on May 8, 2026, and close on May 20, 2026. This capital raising is part of Murray Cod Australia's strategy to support its vertically integrated aquaculture operations and enhance operational performance.
Key Points
  • Murray Cod Australia Limited successfully completed the institutional component of its fully underwritten Institutional Entitlement Offer.
  • The Institutional Entitlement Offer raised approximately $10.1 million.
  • The offer was priced at $0.15 per New Share with a take-up rate of approximately 67.59%.
  • Settlement of the New Shares is expected to occur on Monday, 11 May 2026.
  • The retail component of the Entitlement Offer will open on Friday, 8 May 2026 and close on Wednesday, 20 May 2026.
  • The retail offer is being managed by Stralis Capital Partners Pty Limited and Ord Minnett Limited.
  • Murray Cod Australia's strategy involves a vertically integrated model and a focus on operational performance.
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.