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How Will IMG’s $20M Placement Accelerate Its New Zealand Expansion?
10:41am on Tuesday 16th of December, 2025 AEDT
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Technology
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How Will IMG’s $20M Placement Accelerate Its New Zealand Expansion?
10:41am on Tuesday 16th of December, 2025 AEDT
Key Points
Raised $20 million via placement of 34.5 million shares at $0.58 each
Placement proceeds to support acquisitions of Tyco New Zealand and Red Wolf Security
Balance sheet gearing restored to pre-acquisition level of 1.6x Net Debt to EBITDA
Placement shares to settle on 22 December 2025 and rank equally with existing shares
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