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TPG Telecom Limited (ASX:TPG)

ALERT: Price-sensitive ASX Announcement for TPG
Current share price for TPG : $3.500 -0.3 (-7.89%)+
Announcement
Release
19 Nov 2025 8:44AM
Price at Release
$3.800
Full Release
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Summary
TPG Telecom Limited announced the completion of its Institutional Reinvestment Plan, raising $300 million through the issuance of approximately 83 million new fully-paid ordinary shares at a price of $3.61 per share, which is a 5% discount to the last closing price. This initiative aims to offset the impact of a capital return and increase minority ownership. The plan was initially set to raise up to $550 million but was adjusted due to unforeseen circumstances including a tragic incident involving a Lebara customer and negative market conditions. The funds will be used as part of TPG's Capital Management and Liquidity Plan, which includes repaying bank borrowings and implementing a dividend policy. Trading of TPG shares on the ASX is expected to resume, with the new shares settling on 24 November 2025 and trading commencing on 25 November 2025.
Key Points
  • TPG Telecom completes Institutional Reinvestment Plan raising $300 million.
  • Approximately 83 million new shares issued at $3.61 per share.
  • Plan adjusted from $550 million due to external circumstances.
  • Funds part of Capital Management and Liquidity Plan.
  • Settlement of new shares on 24 November 2025, trading to start on 25 November 2025.
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.