Whitefield Income Lowers SPP Price to A$1.32, Offering 5.2% Discount
Whitefield Income Limited has lowered the maximum issue price for its Share Purchase Plan to A$1.32 per share, reflecting recent market volatility and offering shareholders a notable discount.
- SPP maximum issue price reduced to A$1.32 per share
- 5.2% discount to recent five-day volume weighted average price
- Eligible shareholders automatically benefit without reapplication
- SPP closes on 28 November 2025 with unchanged terms
- Final share price determined by VWAP up to closing date
Context of the Price Adjustment
Whitefield Income Limited has announced a strategic adjustment to its ongoing Share Purchase Plan (SPP), reducing the maximum issue price to A$1.32 per share. This move comes amid heightened market volatility, signaling the board’s intent to protect shareholder interests by offering shares at a more attractive price point.
The revised price represents a 5.2% discount to the five-day volume weighted average price (VWAP) of shares as of 24 November 2025. This discount is designed to provide immediate value to shareholders participating in the SPP, encouraging uptake despite uncertain market conditions.
Implications for Shareholders
Importantly, shareholders who have already submitted applications do not need to take any further action to benefit from the reduced price. Their allocations will be adjusted automatically based on the final SPP price and their application amounts, subject to any scale back that may be necessary.
The final price per share will be the lower of the new maximum issue price or the VWAP calculated over the five trading days leading up to and including the SPP closing date of 28 November 2025. This mechanism introduces a degree of pricing flexibility, potentially allowing shareholders to secure shares at an even better rate if market prices decline further.
Capital Raising and Market Signal
The SPP remains a key capital raising initiative for Whitefield Income, aimed at strengthening its financial position while rewarding loyal investors. By adjusting the issue price downward, the company is signaling responsiveness to market dynamics and a commitment to shareholder value preservation.
All other terms of the SPP remain unchanged from those announced earlier in November, maintaining consistency and transparency for participants. The offer closes promptly at 5, 00pm Sydney time on 28 November, underscoring the limited window for investors to engage.
Looking Ahead
As the SPP concludes, attention will turn to the final VWAP and the extent of shareholder participation. Any scale back in allocations could influence investor sentiment and the company’s capital structure going forward. Whitefield Income’s approach highlights the balancing act between market realities and shareholder engagement in a fluctuating environment.
Bottom Line?
Whitefield Income’s price cut reflects market caution but offers shareholders a timely opportunity, next steps hinge on final pricing and participation.
Questions in the middle?
- How will the final VWAP compare to the revised maximum issue price?
- What level of shareholder participation and scale back can be expected?
- How might this capital raising impact Whitefield Income’s near-term financial strategy?
