InvestSMART

Megaport Limited (ASX:MP1)

ALERT: Price-sensitive ASX Announcement for MP1
Current share price for MP1 : $18.230 2.93 (19.15%)+
Announcement
Release
12 Nov 2025 8:47AM
Price at Release
$15.300
Full Release
download
Summary
Megaport Limited has successfully completed a A$200 million institutional placement, which was fully underwritten and announced on 11 November 2025. The placement will fund the acquisition of Latitude.sh and an expansion of Megaport's network in India. Approximately 14 million new shares will be issued at A$14.30 each, a 6.5% discount to the last closing price. The placement was well-received by both existing shareholders and new investors, with the allocation being made on a best efforts basis. Trading on the ASX is expected to resume immediately, with settlement of new shares set for 14 November 2025 and trading to commence on 17 November 2025. The placement falls within Megaport's existing capacity under ASX Listing Rule 7.1, so no shareholder approval was required. Additionally, a Share Purchase Plan targeting up to A$20 million will be offered to eligible shareholders in Australia and New Zealand for general corporate purposes.
Key Points
  • Megaport completed A$200 million institutional placement.
  • Funds will assist in acquiring Latitude.sh and expanding Indian network.
  • 14 million new shares issued at A$14.30 each.
  • Placement received strong support from shareholders and investors.
  • Trading on ASX to resume with new shares trading from 17 November 2025.
  • Placement executed under ASX Listing Rule 7.1, no shareholder approval needed.
  • Share Purchase Plan to raise up to A$20 million for corporate purposes.
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.