COG Financial Services Limited (ASX:COG)

ALERT: Price-sensitive ASX Announcement for COG

Current share price for COG : $1.435 -0.665 (-31.67%)⁺

Announcement

Investor Presentation Capital Raising

Release

9 Oct 2025 9:25AM

Price at Release

$2.100

Full Release

Summary

COG Financial Services Limited announced an Equity Raising of A$20.0 million through an Institutional Placement to acquire an additional 14.08% of Fleet Network. This move aligns with COG's strategy for inorganic growth and is expected to be 5.1% accretive to EPSA for FY25. The funds will also cover the costs of the Equity Raising, with Morgans Corporate Limited acting as the Sole Lead Manager. The transaction supports COG's long-term goals by enhancing its novated leasing segment and salary packaging capabilities. COG continues to pursue strategic acquisitions and operational improvements, particularly in broker aggregation and cyber security.

Key Points

COG Financial Services Limited is undertaking an Equity Raising through an Institutional Placement of A$20.0 million.
The Equity Raising is priced at A$2.00 per New Share, a discount compared to the last traded and VWAP prices.
Proceeds from the Equity Raising will be used for acquiring an additional 14.08% of Fleet Network and covering costs of the Equity Raising.
COG currently holds 78.30% of Fleet Network and is acquiring more from AWSIG/E-Mutual.
The transaction is expected to be 5.1% accretive to EPSA for FY25.
The novated leasing segment is a significant growth area for COG.
COG aims to continue strategic acquisitions and improve operations, particularly in broker aggregation and cyber security.
Morgans Corporate Limited is the Sole Lead Manager and Sole Bookrunner for the Equity Raising.
COG's acquisition strategy aligns with its inorganic growth plans and enhances its salary packaging capabilities.

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.