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Swoop Holdings Limited (ASX:SWP)

ALERT: Price-sensitive ASX Announcement for SWP
Current share price for SWP : $0.078 -0.009 (-10.34%)+
Announcement
Release
25 Jun 2026 6:25PM
Price at Release
$0.087
Full Release
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Summary
Swoop Holdings Limited has entered into a binding Share Sale Agreement for the sale of its subsidiary, Luminet Fibre Pty Ltd, to Xenith IG Australia Holdings Pty Ltd. The transaction involves a purchase price of $11 million in cash plus reimbursement of certain project costs. Luminet Fibre Pty Ltd is responsible for the Melbourne Fibre Project, which is a 282 km fibre network currently under construction. This sale allows Swoop to focus on its core operations, reduce debt, and eliminate capital expenditure obligations related to the project. The completion of the transaction is subject to regulatory approvals, including from the Foreign Investment Review Board, and is expected in Q1 FY2027.
Key Points
  • Swoop sells Luminet Fibre Pty Ltd to Xenith IG Australia Holdings.
  • Purchase price includes $11 million cash and project cost reimbursements.
  • Luminet Fibre Pty Ltd is developing the Melbourne Fibre Project.
  • The transaction removes Swoop’s capital expenditure obligations.
  • Proceeds to be used to reduce Swoop's debt.
  • Completion subject to Foreign Investment Review Board approval.
  • Expected completion in Q1 FY2027.
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.