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Skin Elements Limited (ASX:SKN)

ALERT: Price-sensitive ASX Announcement for SKN
Current share price for SKN : $0.004 -0.001 (-20%)+
Announcement
Release
26 Jun 2026 9:11AM
Price at Release
$0.005
Full Release
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Summary
Skin Elements Limited, an Australian biotechnology company, announced it has successfully secured a $900,000 placement by issuing 300,000,000 new fully paid ordinary shares at an issue price of $0.003 each, reflecting a 25% discount to its last closing price. The placement funds will enhance its product development programs and working capital. Phoenix Global Investments Pty Ltd served as the sole lead manager for this placement, which is expected to settle by 16 July 2026. The company also appointed Rod Nicholas as its new non-executive chairman and undertook a review of its board remuneration structure, resulting in a reduction of annual fees for non-executive directors.
Key Points
  • Skin Elements Limited has secured a $900,000 placement through the issue of new shares.
  • The placement involves 300,000,000 fully paid shares at $0.003 per share.
  • The placement price represents a 25% discount to the last closing price.
  • Funds from the placement will support existing product development and working capital.
  • Phoenix Global Investments Pty Ltd acted as the sole lead manager for the placement.
  • Settlement of the placement shares is expected by 16 July 2026.
  • Rod Nicholas appointed as non-executive chairman.
  • The company reviewed board remuneration, reducing non-executive directors' annual fees.
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.