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Eagers Automotive Limited (ASX:APE)

ALERT: Price-sensitive ASX Announcement for APE
Current share price for APE : $20.590 -8.73 (-29.77%)+
Announcement
Release
1 Oct 2025 9:15AM
Price at Release
$29.320
Full Release
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Summary
Eagers Automotive Limited issued a cleansing notice related to its share placement under section 708A(5)(e) of the Corporations Act. This notice pertains to the issue of fully paid ordinary shares without disclosure to investors as part of a placement announced on 2 October 2023. The company confirms that the shares were issued without a prospectus and the relevant conditions under the Act were met. This move is a part of Eagers' capital raising activities to strengthen its balance sheet and support growth initiatives.
Key Points
  • Eagers Automotive issued a cleansing notice under section 708A(5)(e).
  • Shares were issued without a prospectus under a placement.
  • The placement was announced on 2 October 2023.
  • The notice confirms compliance with the Corporations Act.
  • The capital raising is intended to support growth initiatives.
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.