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Tuas Secures A$385M Placement to Back M1 Acquisition, Launches A$50M Share Plan
9:53am on Tuesday 12th of August, 2025 AEST
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Financial Services
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Tuas Secures A$385M Placement to Back M1 Acquisition, Launches A$50M Share Plan
9:53am on Tuesday 12th of August, 2025 AEST
Key Points
A$385 million raised via institutional placement at $5.51 per share
Approximately 69.9 million new shares issued, increasing total shares to ~536 million
Share Purchase Plan launched to raise around A$50 million from existing shareholders
Placement price set with no discount to last close, indicating strong investor support
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