RBR Group Invites Shareholders to Buy Shares at $0.001 in $650K Capital Raise
RBR Group Limited invites eligible shareholders to participate in a Share Purchase Plan aiming to raise up to $650,000 by offering shares at a highly discounted price of $0.001 each. The capital raised will support a joint venture, debt repayment, and working capital needs.
- Share Purchase Plan offers shares at $0.001 each
- Maximum $30,000 investment per eligible shareholder
- Target raise of $650,000 with potential oversubscription
- Funds allocated to joint venture, convertible note repayment, and working capital
- Plan open to shareholders in Australia, New Zealand, and South Africa
RBR Group Launches Share Purchase Plan
RBR Group Limited (ASX, RBR) has announced a Share Purchase Plan (SPP) designed to raise up to $650,000 by offering existing eligible shareholders the opportunity to purchase additional shares at a deeply discounted price of $0.001 per share. This price reflects the volume weighted average market price over the five trading days prior to the announcement on 11 July 2025.
The plan allows shareholders registered as of 10 July 2025 with addresses in Australia, New Zealand, or South Africa to invest between $2,000 and $30,000, irrespective of their current shareholding size. Notably, the offer is free of brokerage or transaction fees, making it an accessible option for shareholders to increase their stake.
Use of Funds and Strategic Intent
Funds raised through the SPP will be allocated with clear priorities, $100,000 will support the Field Ready–Futuro joint venture, $250,000 will go toward repaying outstanding convertible notes, approximately $50,000 will cover offer-related fees, and the remaining $250,000 will bolster general working capital. This allocation underscores RBR’s focus on strengthening its financial position while advancing key projects.
The company has emphasized that while the plan is not underwritten, it has secured a letter of support from CPS Capital Group Pty Ltd to place any shortfall up to the target amount within three months post-close, subject to compliance with ASX listing rules. This provides a degree of assurance regarding the capital raising’s success.
Participation Details and Conditions
Shareholders can select from several investment options ranging from $2,000 to $30,000, with the number of shares allocated calculated by dividing the investment amount by the issue price. The company reserves the right to accept oversubscriptions or scale back applications to ensure compliance with ASX rules, including a maximum issuance cap of 30% of existing share capital under the plan.
Custodians and nominees holding shares on behalf of multiple beneficiaries may apply for up to $30,000 per beneficiary, subject to certification requirements. The plan is non-renounceable, meaning shareholders cannot transfer their rights to others, and applications once submitted are irrevocable.
Market Context and Investor Considerations
The issue price of $0.001 per share is at a discount to recent trading prices, but the company cautions that share prices may fluctuate between the announcement and the issuance date, potentially affecting the value of shares acquired. The board recommends shareholders seek independent financial and taxation advice before participating.
Shares issued under the plan will rank equally with existing shares and will be quoted on the ASX shortly after issuance. The closing date for applications is 30 July 2025, with results announced on 4 August and shares issued by 5 August.
Bottom Line?
RBR’s Share Purchase Plan offers a low-cost entry for shareholders to support strategic initiatives, but market price volatility and potential scale-backs warrant careful consideration.
Questions in the middle?
- Will shareholder uptake meet or exceed the $650,000 target, triggering oversubscription or scale-back?
- How will the capital raised impact RBR’s progress on the Field Ready–Futuro joint venture?
- What are the implications for share dilution and future capital raising capacity?
