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PlaySide Studios Limited (ASX:PLY)

ALERT: Price-sensitive ASX Announcement for PLY
Current share price for PLY : $0.110 -0.105 (-48.84%)+
Announcement
Release
5 Sep 2025 8:24AM
Price at Release
$0.215
Full Release
download
Summary
PlaySide Studios Limited announced the completion of its Share Purchase Plan (SPP), which raised $1.825 million and resulted in the issuance of 9,125,000 fully paid ordinary shares on September 8, 2025. These shares will rank equally with existing PLY shares, with the funds raised used to bolster the company's balance sheet and support marketing activities for upcoming game launches in FY26. This SPP follows a successful $6.47 million private placement and a planned conditional placement of $0.13 million to company directors. Shares from the SPP were priced at $0.20 per share, consistent with the Placement, and began trading on September 8, 2025.
Key Points
  • PlaySide Studios Limited completed its Share Purchase Plan (SPP).
  • The SPP raised $1.825 million.
  • 9,125,000 fully paid ordinary shares were issued on September 8, 2025.
  • Shares issued under the SPP will rank equally with existing PLY shares.
  • Proceeds from the SPP will be used to strengthen the balance sheet and fund marketing activities for gaming launches in FY26.
  • A $6.47 million private placement was completed before the SPP.
  • An additional conditional placement of $0.13 million to directors was planned.
  • The issue price under both the SPP and the Placement was $0.20 per share.
  • Trading of new shares from the SPP was expected to start on September 8, 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.