Tuas Receives Applications from Shareholders for Around AU$75 Million under Share Purchase Plan

MT Newswires Live

Oct 01, 2025

Tuas (ASX:TUA) said it completed a share purchase plan to support its proposed acquisition of digital network operator M1, with applications received from around 3,000 shareholders for around AU$75 million in application funds, according to a Wednesday Australian bourse filing.

It will allot around 9 million ordinary shares in Tuas to around 3,000 shareholders at the allocation price of AU$5.51 per share on Thursday. Tuas applied a minimum acceptance for all applications of AU$500, and all eligible applicants will receive an allocation of shares.

Confirmation statements and refunds will be processed to shareholders around Friday.

The firm's shares rose a little over 1% in recent trading on Wednesday.

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