WAM Leaders Raises AU$313 Million Through SPP, Placement

MT Newswires Live
Sep 04

WAM Leaders (ASX:WLE) raised AU$313 million through its share purchase plan (SPP) and placement, including AU$88 million from more than 4,700 shareholders under the SPP, according to an Australian bourse filing on Thursday after market hours.

The SPP was priced at AU$1.294 per share, representing a 2.5% discount to the five-day volume-weighted average price, with the new shares expected to be issued on Friday and commence trading on Sept. 7, per the filing.

Participating shareholders will receive a fully franked final dividend of AU$0.048 per share, payable Nov. 30 to shareholders on record as of Nov. 18, bringing the fiscal 2026 dividend to AU$0.096 per share, the filing said.

The company's assets under management have increased to more than AU$2.2 billion following the capital raising, with the additional funds to be invested in high-quality Australian large-cap companies, while its increased scale is expected to improve operational efficiency and reduce the fixed expense ratio, the filing added.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10