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Why Did Magellan’s Share Purchase Plan Attract $129M in Applications?

8:36am on Tuesday 31st of March, 2026 AEDT Financial Services
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Why Did Magellan’s Share Purchase Plan Attract $129M in Applications?

8:36am on Tuesday 31st of March, 2026 AEDT
Key Points
  • Share Purchase Plan raised targeted $20 million
  • Approximately 2.37 million new shares issued at $8.45 each
  • Applications totalled $129.4 million from 5,195 shareholders
  • Pro-rata scale-back applied to applications over $9,971
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