ALS Limited Launches Share Purchase Plan to Support Growth

ALS ( (AU:ALQ) ) has shared an update.

ALS Limited has opened its Share Purchase Plan (SPP), allowing eligible shareholders to subscribe for up to A$30,000 of new shares without incurring additional costs. The SPP aims to raise up to A$40 million to maintain balance sheet flexibility and support future growth initiatives, following a successful institutional placement that raised approximately A$350 million. The directors of ALS intend to participate, and the SPP shares will be offered at a competitive price, with participation being voluntary.

The most recent analyst rating on (AU:ALQ) stock is a Buy with a A$15.20 price target. To see the full list of analyst forecasts on ALS stock, see the AU:ALQ Stock Forecast page.

More about ALS

ALS Limited is a global leader in testing, providing comprehensive solutions across various industries worldwide. The company employs state-of-the-art technologies and innovative methodologies to deliver high-quality testing services and personalized solutions, leveraging data-driven insights for a safer and healthier world.

YTD Price Performance: 6.56%

Average Trading Volume: 1,299,446

Technical Sentiment Signal: Buy

Current Market Cap: A$7.79B

For detailed information about ALQ stock, go to TipRanks’ Stock Analysis page.