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Navigator Global Investments Limited (ASX:NGI)

ALERT: Price-sensitive ASX Announcement for NGI
Current share price for NGI : $2.220 -0.26 (-10.48%)+
Announcement
Release
5 May 2026 9:05AM
Price at Release
$2.480
Full Release
download
Summary
Navigator Global Investments Limited announced the successful completion of the institutional component of its A$145 million fully underwritten entitlement offer. The Institutional Entitlement Offer, which closed on 5 May 2026, raised approximately A$134 million with strong support from existing institutional shareholders. An additional A$11 million is expected to be raised through the Retail Entitlement Offer. New Shares from the Institutional Entitlement Offer are set to begin trading on the ASX on 12 May 2026, with the Retail Entitlement Offer running from 11 May to 26 May 2026. NGI shares are expected to resume normal trading following this announcement.
Key Points
  • Navigator Global Investments Limited successfully completed the institutional component of its A$145 million entitlement offer.
  • The Institutional Entitlement Offer raised approximately A$134 million before market open on 5 May 2026.
  • Existing institutional shareholders subscribed for approximately 99% of their entitlements.
  • The Retail Entitlement Offer is expected to raise an additional A$11 million.
  • New Shares from the Institutional Entitlement Offer will commence trading on the ASX on 12 May 2026.
  • The Retail Entitlement Offer opens on 11 May 2026 and closes on 26 May 2026.
  • Eligible Retail Shareholders have specific criteria to participate in the Retail Entitlement Offer.
  • NGI's shares will resume normal trading on the ASX as of the announcement date.
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.