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Xamble Group Limited (ASX:XGL)

ALERT: Price-sensitive ASX Announcement for XGL
Current share price for XGL : $0.009 -0.004 (-30.77%)+
Announcement
Release
5 May 2026 9:30AM
Price at Release
$0.013
Full Release
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Summary
Xamble Group Limited announced the completion of a A$0.67 million placement intended to accelerate the integration of YToday into its platform and enhance its financial standing. The funds were raised by issuing new CHESS depositary interests (CDIs) accompanied by options, with strong backing from existing and new sophisticated investors. This placement will support the company's strategic growth and integration efforts, aiming for significant cost savings through AI transformations. The placement was managed by ELI Capital Pty Ltd and includes both unconditional and conditional tranches. Chairman Ganesh Bangah expressed satisfaction with investor confidence in Xamble's strategic direction.
Key Points
  • Xamble Group Limited completed a A$0.67 million placement to integrate YToday.
  • The placement involved issuing 60,592,369 new CDIs at A$0.011 each.
  • Each CDI came with a free-attaching option (ASX: XGLO) exercisable at A$0.025, expiring August 2028.
  • Strong support was received from existing and new sophisticated investors.
  • Proceeds will fund YToday's integration and general working capital.
  • AI transformation is expected to achieve A$700,000+ in annual cost savings.
  • Placement includes an unconditional tranche of A$0.57 million and a conditional tranche of A$0.10 million.
  • Placement managed by ELI Capital Pty Ltd with associated fees and broker options.
  • New CDIs and Options rank pari passu with existing ones.
  • This announcement reflects confidence in Xamble’s strategy.
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.