Latest Capital Structure News

West African Resources Limited reported a robust cash position of A$391.7 million at the end of December 2024, despite significant outflows driven by exploration and operational costs. The company maintains substantial financing facilities, positioning it well for ongoing development.

Alternative Investment Trust (ASX: AIQ) has announced a special unfranked dividend of AUD 0.04186 per unit, representing a full return of capital to investors, payable in February 2025.

Leo Lithium Limited has announced a total distribution of 17.2 cents per share, combining a capital return and a special dividend, payable at the end of January 2025.

BKI Investment Company Limited reported a solid half-year performance for December 2024, maintaining stable revenue and lifting its fully franked dividend by 1%. The company also introduced a neutralised Dividend Reinvestment Plan to better align shareholder interests and capital structure.

Murray Cod Australia Limited has announced a 10-for-1 security consolidation affecting all ordinary shares and options, aiming to simplify its capital structure ahead of resumed trading in February 2025.

Wellard Limited has disclosed the binding sale of its last livestock vessel, the M/V Ocean Drover, for US$50 million, with plans to return the net proceeds to shareholders pending approval.

Strike Energy announces the resignation of CEO Stuart Nicholls, appointing Jill Hoffmann as Acting CEO while initiating a strategic review to unlock shareholder value.

Vonex Limited has terminated its proposed scheme with Maxo Telecommunications amid shareholder opposition, while MaxoTel’s 4.4c cash offer will close on January 28, 2025. The Vonex Board recommends shareholders accept MaxoTel’s offer and reject Swoop Telecommunications’ conditional scrip bid.

5E Advanced Materials has entered a pivotal Restructuring Support Agreement with its primary lenders to equitize $63.5 million in convertible notes and secure up to $30 million in funding. The transaction, subject to shareholder approval, aims to strengthen the balance sheet and advance the company toward its Final Investment Decision.

Latitude Group Holdings Limited has revised its distribution on Capital Notes from AUD 1.6136 to AUD 2.3052, reflecting a shift to a 0% franked component and the introduction of conduit foreign income.

5E Advanced Materials has announced a $30 million funding package alongside a significant restructuring of its convertible notes, aiming to strengthen its balance sheet and advance toward a Final Investment Decision.

Cardno Limited has requested an immediate suspension from ASX quotation to facilitate its removal from the official ASX list, marking a significant step in its delisting process.