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Spheria Emerging Companies Limited (ASX:SEC)

ALERT: Price-sensitive ASX Announcement for SEC
Current share price for SEC : $2.340 -0.09 (-3.70%)+
Announcement
Release
9 Apr 2026 7:06PM
Price at Release
$2.430
Full Release
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Summary
Spheria Emerging Companies Limited announced the successful outcome of its Reinstated Conditional Proposal, which required the company's share price to maintain a premium over its NTA for a specific period. The SEC share price achieved an average premium of 0.3%, allowing Spheria to continue as a listed investment company and offering monthly fully franked dividends to its shareholders. The board will persist in monitoring the share price in relation to the NTA to ensure continued favorable trading conditions.
Key Points
  • Spheria Emerging Companies Limited announced the outcome of its Reinstated Conditional Proposal.
  • The proposal required the company's share price to trade at a premium to its NTA over a specified period.
  • The SEC share price averaged a premium of 0.3% during the measurement period.
  • The company will remain a listed investment company (LIC) and continue to offer monthly fully franked dividends.
  • Shareholders benefit from improved trading conditions, with the share price moving from a discount to a premium.
  • The board will continue monitoring share price performance relative to NTA.
  • The announcement was authorized by the Board of Spheria Emerging Companies Limited.
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.