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Syntara Limited (ASX:SNT)

ALERT: Price-sensitive ASX Announcement for SNT
Current share price for SNT : $0.024 -0.003 (-11.11%)+
Announcement
Release
14 May 2026 9:02AM
Price at Release
$0.027
Full Release
download
Summary
Syntara Limited has announced a Share Purchase Plan (SPP) allowing eligible shareholders to acquire up to A$30,000 of shares at a price of A$0.027 each, which is a notable discount on the current trading prices. This initiative aims to raise approximately A$2 million, with proceeds directed towards clinical trial operations and licensing discussions. Participation in the SPP is voluntary, non-transferable, and not underwritten. The offering is structured under ASIC regulations, allowing eligible shareholders to invest without incurring brokerage or transaction costs.
Key Points
  • The Share Purchase Plan (SPP) is offered by Syntara Limited to allow eligible shareholders to subscribe for up to A$30,000 worth of shares.
  • The SPP shares are priced at A$0.027 each, providing a significant discount to the recent trading prices.
  • The SPP is not underwritten, and participation is voluntary for eligible shareholders.
  • Funds raised from the SPP are intended to support clinical trials and licensing discussions.
  • The SPP operates under the Australian Securities and Investments Commission (ASIC) guidelines.
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.