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Platinum Asset Management Ltd ( (AU:L1G) ) has issued an announcement.
L1 Group Limited has successfully completed its Share Purchase Plan, raising the maximum target of $25 million through the issuance of approximately 26.3 million new shares at $0.95 each. The plan received strong support from over 1,436 shareholders, with demand exceeding $31.9 million, leading to a scaled-back allocation process to ensure equitable distribution among investors. The new shares are set to commence trading on December 1, 2025, and will rank equally with existing shares, reflecting robust investor confidence and potentially strengthening the company’s market position.
The most recent analyst rating on (AU:L1G) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:L1G Stock Forecast page.
More about Platinum Asset Management Ltd
Average Trading Volume: 4,505,749
Technical Sentiment Signal: Buy
Current Market Cap: A$2.56B
For detailed information about L1G stock, go to TipRanks’ Stock Analysis page.