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Eagers Automotive Limited (ASX:APE)

ALERT: Price-sensitive ASX Announcement for APE
Current share price for APE : $21.280 -8.04 (-27.42%)+
Announcement
Release
3 Oct 2025 8:39AM
Price at Release
$29.320
Full Release
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Summary
Eagers Automotive Limited (ASX: APE) announced a successful equity raising initiative, which includes a partially underwritten Accelerated Non-Renounceable Entitlement Offer (ANREO) and a strategic placement to Mitsubishi Corporation, raising a total of approximately A$452 million. The institutional component of ANREO raised roughly A$143 million, highlighting strong support from existing institutional shareholders, and the Retail Entitlement Offer is expected to gather around A$309 million. Additionally, Mitsubishi Corporation will receive a strategic placement of A$50 million at A$18.00 per share. The board and key shareholders, including Nick Politis, committed to their full entitlements. New shares are scheduled for issuance in mid-October and early November 2025, with the offer priced at a discount compared to recent market trading prices.
Key Points
  • Successful completion of institutional component of ANREO raising ~A$143 million.
  • Strategic placement of A$50 million to Mitsubishi Corporation.
  • Retail Entitlement Offer expected to raise ~A$309 million.
  • Offer Price set at A$21.00 per new share, representing a significant discount.
  • Nick Politis and associated entities committed to their full entitlements.
  • New shares under the Strategic Placement and Institutional Entitlement Offer expected to be issued on 14 October 2025.
  • Retail Entitlement Offer closes on 27 October 2025.
  • Mitsubishi Corporation's participation underscores belief in long-term strategic alliance.
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.