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Mayfield Group Holdings Limited (ASX:MYG)

ALERT: Price-sensitive ASX Announcement for MYG
Current share price for MYG : $2.120 0.13 (6.53%)+
Announcement
Release
11 Nov 2025 9:14AM
Price at Release
$1.990
Full Release
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Summary
Mayfield Group Holdings Limited announced a private placement to raise $30.5 million by issuing shares at A$1.90 each, which is below the recent trading price. Additionally, a Share Purchase Plan (SPP) will allow existing shareholders to purchase up to $30,000 worth of shares at the same price, potentially raising an extra A$3 million. The funds acquired will support potential acquisitions and enhance manufacturing capabilities. The placement does not need shareholder approval, and all new shares will have the same rights as existing shares. Unified Capital Partners is managing the placement, with a detailed timeline provided for the issuance and trading of the new shares.
Key Points
  • Private placement to raise $30.5 million at A$1.90 per share.
  • Share Purchase Plan (SPP) for existing shareholders to raise up to A$3 million.
  • Funds to support acquisitions and increase manufacturing capacities.
  • Placement shares issued under ASX Listing Rules 7.1 and 7.1A.
  • Unified Capital Partners as Lead Manager and Bookrunner.
  • New shares will rank pari passu with existing shares.
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.