Staude Capital Global Value Fund Raises $16.9M, Launches Share Purchase Plan
Staude Capital Global Value Fund Limited has completed a $16.9 million wholesale placement and opened a Share Purchase Plan for existing shareholders, aiming to deploy capital through its discount capture strategy.
- Raised $16.9 million via wholesale placement at $1.34 per share
- Issued 12.6 million new shares under ASX placement capacity
- Share Purchase Plan offers up to $30,000 in shares to existing investors
- SPP pricing linked to pre-tax Net Tangible Asset value
- Funds to be invested in global assets trading below intrinsic value
Capital Raise Completed
Staude Capital Global Value Fund Limited (ASX – GVF) has successfully completed a wholesale placement, issuing over 12.6 million new shares at $1.34 each. This capital raise has generated approximately $16.9 million, strengthening the fund’s capacity to pursue its investment strategy. The new shares will rank equally with existing shares, maintaining shareholder parity.
Share Purchase Plan Opens for Existing Investors
Alongside the wholesale placement, GVF has launched a Share Purchase Plan (SPP) allowing current shareholders to acquire up to $30,000 worth of shares without brokerage fees. The SPP shares will be priced at the lower of $1.34 or the pre-tax Net Tangible Asset (NTA) value on the SPP closing date, July 11, 2025. This approach offers shareholders a potentially attractive entry point aligned with the fund’s underlying asset value.
Investment Strategy and Market Positioning
Proceeds from the placement and SPP will be deployed using GVF’s proven discount capture strategy. This involves investing in global securities trading at significant discounts to their intrinsic value, with the goal of unlocking hidden value through catalysts identified by the experienced investment team. This strategy aims to provide shareholders with an alternative path to market outperformance, distinct from traditional stock picking.
Implications for Shareholders and Market
The capital raise and SPP signal GVF’s confidence in its investment approach and the opportunities available in global markets. By expanding its investment pool, the fund is positioned to capitalize on undervalued assets worldwide. However, the final pricing of the SPP shares remains subject to market movements affecting the NTA, introducing some uncertainty for participants.
Looking Ahead
As GVF deploys the fresh capital, investors will be watching closely for updates on portfolio performance and NAV movements. The fund’s ability to identify and realise value from discounted global assets will be critical in justifying this capital expansion and delivering returns to shareholders.
Bottom Line?
GVF’s capital raise boosts its discount capture strategy, but SPP pricing uncertainty keeps investors alert.
Questions in the middle?
- How will GVF’s portfolio allocation shift with the new capital?
- What catalysts does the investment team foresee unlocking value in current holdings?
- How will market volatility impact the final SPP share price and investor participation?
