Steadfast Group Limited (ASX: SDF) announced a Share Purchase Plan, in which eligible shareholders will be offered the opportunity to purchase up to AU$30,000 worth of new ordinary shares in the company without any brokerage or transaction costs. Under the SPP program, the company targets raising approximately AU$25 million.
The Share Purchase Plan will give the opportunity to shareholders to buy shares at an issue price of AU$5.14 per share, and the issue price represents a 1% discount to the VWAP of ordinary shares traded on the ASX over the 5 trading days.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.