Latest It Distribution News

Algorae Pharmaceuticals has announced a non-renounceable Loyalty Options Offer to eligible shareholders, aiming to raise up to $337,678 before costs, with potential additional capital of $4.7 million if all options are exercised. The capital raise supports the company’s pharmaceutical and AI research and development ambitions.

TPG Telecom has launched a $688 million Reinvestment Plan offering new shares to eligible shareholders, aiming to offset the impact of a recent cash distribution and enhance market liquidity. The plan includes institutional and retail components priced at a discount, forming a key part of the company’s broader capital management strategy.

TPG Telecom has launched a significant Reinvestment Plan offering eligible shareholders a chance to reinvest their $1.61 per share cash distribution into new shares at a 5% discount, aiming to bolster minority ownership and liquidity.

Elders Limited has announced a fully franked ordinary dividend of AUD 0.18 per share for the half-year ending September 2025, accompanied by a Dividend Reinvestment Plan offering a modest discount.

Iondrive Limited’s Phase 1 techno-economic evaluation of its IONSolv™ modular rare earth elements recycling plant reveals promising financial metrics and a scalable US rollout strategy. Phase 2 validation is underway to refine assumptions and advance commercial deployment.

Bioxyne Limited is expanding its footprint with a new UK GMP-certified medicinal cannabis manufacturing site, backed by £850,000 in funding from South of Scotland Enterprise. This move positions the company to tap into the UK’s growing medicinal cannabis market, the second largest in Europe.

Hastings Technology Metals has confirmed robust near-surface gold mineralisation at its Seven Leaders prospect, setting the stage for a maiden resource estimate in December 2025.

Adavale Resources has uncovered significant resource growth potential at its London-Victoria gold deposit through historic data recovery and a new structural geology study, setting the stage for an imminent drilling campaign.

FleetPartners Group Limited reported steady core income growth and strong cash generation in FY25 despite a 16% drop in new business wins, while completing a strategic acquisition to enhance its novated leasing offering.

FleetPartners Group reported resilient FY25 results with core income growth and strong cash generation, completing a $25 million buy-back and declaring an unfranked dividend. The group’s strategic acquisition and cost-saving initiatives set the stage for growth in FY26.

Platinum Capital Limited has secured an ASX waiver to extend the initial term of its new investment management agreement with L1 Capital to 10 years, pending shareholder approval at the upcoming AGM.

Citigroup Global Markets Australia announces a partially franked AUD 2.80 dividend for MQG CitiFirst Self-Funding Instalment MINIs, aligning key dates with MQG ordinary shares and adjusting outstanding loan amounts.