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Mayfield Childcare Limited (ASX:MFD)

ALERT: Price-sensitive ASX Announcement for MFD
Current share price for MFD : $0.120 -0.02 (-14.29%)+
Announcement
Release
3 Aug 2026 9:53AM
Price at Release
$0.140
Full Release
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Summary
Mayfield Childcare Limited announced an entitlement offer to raise $3 million through a non-renounceable offer of 2 shares for every 5 existing shares at $0.10 per share. The offer aims to strengthen the company's balance sheet and support working capital. Major shareholders have pre-committed to a significant portion of the offer, with the remainder underwritten by Canaccord. The offer is priced at a 29% discount to the last traded price, with proceeds supporting Mayfield's operational turnaround. Important dates include the prospectus lodgment on 3 August 2026 and closing on 21 August 2026.
Key Points
  • Mayfield Childcare Limited is conducting a non-renounceable entitlement offer at $0.10 per share.
  • The offer is on the basis of 2 shares for every 5 existing shares held by eligible shareholders to raise approximately $3 million.
  • Embark Early Education Limited, M&J Ross Investments Pty Ltd, and Mr. Amresh Sharma have provided pre-commitments to subscribe for approximately $2.28 million of the offer.
  • The remaining $736,530 is underwritten by Canaccord, ensuring the offer is fully subscribed.
  • Proceeds from the offer will support working capital requirements and cover expenses of the offer.
  • The offer represents a 29% discount to the last ASX traded closing price.
  • A top-up facility is available for eligible shareholders to apply for additional shares beyond their entitlement.
  • The indicative timetable includes key dates such as the prospectus lodgment on 3 August 2026 and the closing date on 21 August 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.