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Mayfield Childcare Limited (ASX:MFD)

ALERT: Price-sensitive ASX Announcement for MFD
Current share price for MFD : $0.130 -0.01 (-7.14%)+
Announcement
Release
3 Aug 2026 9:57AM
Price at Release
$0.140
Full Release
download
Summary
Mayfield Childcare Limited is conducting an Entitlement Issue Prospectus to raise up to $3,016,984. The offer is priced at $0.10 per share with an entitlement ratio of 2:5. Embark Early Education Limited holds a significant stake, and the total capital structure is expected to increase significantly post-offer. The funds from the offer will primarily be allocated to working capital and offer-related expenses. Notable risks include potential dilution and going concern issues. Canaccord Genuity (Australia) Limited is underwriting this offer.
Key Points
  • Mayfield Childcare Limited is conducting an Entitlement Issue Prospectus.
  • The purpose of the offer is to raise up to $3,016,984 before costs.
  • The offer is a non-renounceable entitlement issue at $0.10 per share.
  • The entitlement ratio is 2 new shares for every 5 existing shares.
  • Embark Early Education Limited is the largest shareholder with a 49.80% stake.
  • The capital structure will increase from 75,424,609 to 105,594,452 shares post-offer.
  • Funds will be used for working capital and expenses of the offer.
  • The offer includes risk factors such as potential dilution and going concern issues.
  • Canaccord Genuity (Australia) Limited is the underwriter for the offer.
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.