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Cobram Estate Olives Limited (ASX:CBO)

ALERT: Price-sensitive ASX Announcement for CBO
Current share price for CBO : $3.290 -0.07 (-2.08%)+
Announcement
Release
3 Oct 2025 9:22AM
Price at Release
$3.360
Full Release
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Summary
Cobram Estate Olives Limited announced the successful completion of its Share Purchase Plan (SPP), which raised $6.1 million from 445 valid applications. This was part of a broader fundraising initiative that included a $175.0 million institutional placement. Unsubscribed shares from the SPP, amounting to 625,000 shares, were placed with an existing shareholder, raising an additional $2.0 million, totaling $8.1 million from the SPP and Shortfall Placement. The funds will be used to accelerate growth initiatives in the USA, specifically to purchase additional farmland and develop olive groves. The new shares from the SPP and Shortfall Placement are expected to be quoted on the ASX by 7 October 2025.
Key Points
  • Successful completion of Share Purchase Plan (SPP) by Cobram Estate Olives Limited.
  • SPP raised $6.1 million, complemented by a $175.0 million institutional placement.
  • Unsubscribed shares worth $2.0 million placed with an existing shareholder.
  • A total of $8.1 million was raised from SPP and Shortfall Placement.
  • Funds to be used for USA growth initiatives, including farmland purchase and olive grove development.
  • New shares expected to be quoted on ASX by 7 October 2025.
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.