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Navigator Global Investments Limited (ASX:NGI)

ALERT: Price-sensitive ASX Announcement for NGI
Current share price for NGI : $2.490 -0.21 (-7.78%)+
Announcement
Release
11 May 2026 8:22AM
Price at Release
$2.700
Full Release
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Summary
Navigator Global Investments Limited (NGI) has announced a Retail Entitlement Offer as part of a larger capital raising initiative to acquire a portfolio of Net Revenue Share interests from Stable Asset Management. The Offer allows eligible retail shareholders to purchase 1 New Share for every 8.13 Shares held at A$2.40 each. This fully underwritten offer is expected to raise up to A$11 million, complementing the institutional component which aims for approximately A$134 million, contributing to a total of A$145 million. The fundraising supports NGI's strategic acquisition to bolster its earnings growth and diversification. The offer begins on 11 May 2026 and closes on 26 May 2026.
Key Points
  • Navigator Global Investments Limited (NGI) is conducting a Retail Entitlement Offer.
  • The offer ratio is 1 New Share for every 8.13 Shares held.
  • The offer price for the New Shares is A$2.40.
  • The Retail Entitlement Offer is part of a larger A$145 million fundraising effort.
  • This effort includes an institutional component expected to raise approximately A$134 million.
  • The Retail Entitlement Offer aims to raise up to approximately A$11 million.
  • Key dates include the offer opening on 11 May 2026 and closing on 26 May 2026.
  • The proceeds will help fund the acquisition of a portfolio of Net Revenue Share interests.
  • Eligible Retail Shareholders can participate by accepting their entitlement in full or part.
  • The transaction aims to enhance NGI’s growth, profitability, and cash flow.
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.