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Southern Palladium Limited (ASX:SPD)

ALERT: Price-sensitive ASX Announcement for SPD
Current share price for SPD : $1.070 0.09 (9.18%)+
Announcement
Release
29 Oct 2025 9:34AM
Price at Release
$0.980
Full Release
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Summary
Southern Palladium Limited has announced a Share Purchase Plan (SPP) as part of a broader capital-raising effort, allowing eligible shareholders to purchase up to $30,000 worth of shares at A$1.10 each without incurring brokerage fees. Announced on 20 October 2025, the SPP aims to raise up to $1,000,000 to fund mine development activities at Bengwenyama, including a Definitive Feasibility Study. The offer is non-renounceable and non-transferable and is open to shareholders with registered addresses in Australia or New Zealand as of 17 October 2025. The SPP is not underwritten, presenting potential funding risks, and eligible shareholders must complete their transactions via BPAY® or EFT by 12 November 2025.
Key Points
  • Southern Palladium Limited is offering a Share Purchase Plan (SPP) to eligible shareholders.
  • The SPP was announced on 20 October 2025 and allows shareholders to buy up to $30,000 worth of shares at A$1.10 per share.
  • The proceeds from the SPP will be used for mine development activities at Bengwenyama, including a Definitive Feasibility Study.
  • The SPP is non-renounceable and non-transferable and targets raising up to $1,000,000.
  • Shareholders registered by 17 October 2025 with addresses in Australia or New Zealand are eligible to participate.
  • The offer is not underwritten and the company warns of potential funding risks.
  • Eligible shareholders must apply using BPAY® or EFT and cannot use cash or checks.
  • The SPP Offer opens on 29 October 2025 and closes on 12 November 2025.
  • There are no brokerage or transaction costs for applying for SPP shares.
  • The offer is subject to scale-back in the event of oversubscription.
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.