Buru Energy’s Share Purchase Plan Closes Next Week with New Option Incentives
Buru Energy reminds shareholders that its Share Purchase Plan closes on 7 October, offering shares at 2 cents each plus attaching options subject to approval.
- SPP closes Tuesday, 7 October 2025
- Shares offered at 2.0 cents each without brokerage
- Eligible shareholders can apply for up to $30,000 worth of shares
- Attaching options exercisable at $0.03 offered subject to shareholder approval
- Chair and CEO participating in the offer
Closing Date Reminder and Offer Details
Buru Energy Limited (ASX, BRU) has issued a timely reminder to its eligible shareholders that the current Share Purchase Plan (SPP) offer will close on Tuesday, 7 October 2025. Shareholders wishing to participate must ensure their applications are received by 5, 00pm Sydney time on that day. The company encourages the use of BPAY for a swift and secure application process.
Attractive Pricing and Participation Limits
The SPP allows eligible shareholders to purchase new fully paid ordinary shares at an issue price of 2.0 cents per share, notably without incurring brokerage fees. Each shareholder can apply for up to $30,000 worth of shares, making this an accessible opportunity for a broad base of investors to increase their stake in Buru Energy.
Attaching Options Add Potential Upside
In addition to the shares, participants will be offered, subject to shareholder approval, the chance to apply for attaching options at no cost. These options will be exercisable at $0.03 each with a two-year expiry period, providing shareholders with potential upside if the company’s share price appreciates. This feature adds an enticing layer to the capital raising, aligning shareholder interests with future growth prospects.
Leadership Confidence Demonstrated
Notably, both the Chair of the Board and Chief Executive Officer, Thomas Z Nador, have confirmed their participation in the SPP. Their involvement signals confidence in the company’s outlook and the strategic use of the capital raised through this offer.
Next Steps and Investor Considerations
Shareholders who have not yet received their personalised application forms can download them online, ensuring no one misses out on this opportunity. As the closing date approaches, market watchers will be keen to see the level of uptake and the outcome of the shareholder approval process for the attaching options, both of which will influence Buru Energy’s capital structure and future funding flexibility.
Bottom Line?
With the SPP closing soon and attaching options on the table, Buru Energy’s next moves will be closely watched by investors seeking growth in the energy sector.
Questions in the middle?
- What level of shareholder participation will the SPP ultimately achieve?
- Will shareholders approve the attaching options at the upcoming meeting?
- How will the capital raised impact Buru Energy’s exploration and development plans?
