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COG Raises A$20M to Boost Stake in Fleet Network, Driving Earnings Growth
9:34am on Thursday 9th of October, 2025 AEDT
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Financial Services
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COG Raises A$20M to Boost Stake in Fleet Network, Driving Earnings Growth
9:34am on Thursday 9th of October, 2025 AEDT
Key Points
A$20 million equity raising via institutional placement at A$2.00 per share
Acquisition of additional 14.08% stake in Fleet Network for A$23.9 million
Fleet Network ownership rises to 92.4%, aligning management interests
Transaction immediately accretive to FY25 earnings per share by 5.1%
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