InvestSMART

Sandon Capital Investments Limited (ASX:SNC)

ALERT: Price-sensitive ASX Announcement for SNC
Current share price for SNC : $0.730 -0.04 (-5.19%)+
Announcement
Release
9 Apr 2026 9:58AM
Price at Release
$0.770
Full Release
download
Summary
Sandon Capital Investments Limited (ASX:SNC) announced a Share Purchase Plan (SPP) offering existing shareholders in Australia and New Zealand the opportunity to acquire up to $30,000 of new shares without brokerage costs. The SPP opens on April 13, 2026, with an issue price of $0.7625 per share, representing a 4.1% discount to the market price before the announcement. The issue is capped at 14 million shares, aiming to raise up to $10.675 million. New shares are eligible for the fully franked dividends declared for May and June 2026. The proceeds will be used for working capital, investments, and reducing fixed costs per share. Shareholders must submit applications by April 24, 2026.
Key Points
  • Sandon Capital Investments Limited announces a Share Purchase Plan.
  • SPP offers shares up to $30,000 to Australian and New Zealand shareholders.
  • SPP issue price set at $0.7625, a 4.1% discount.
  • 14 million share cap aiming to raise $10.675 million.
  • Application deadline is April 24, 2026.
  • Proceeds allocated for working capital and investment purposes.
  • New shares eligible for fully franked dividends for May and June 2026.
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.