Pinnacle Launches Share Purchase Plan for Growth Funding

Pinnacle Investment Management Group Limited (AU:PNI) has released an update.

Pinnacle Investment Management Group Limited has launched a Share Purchase Plan (SPP), enabling eligible shareholders in Australia and New Zealand to buy up to $30,000 of shares without additional costs. This initiative follows a successful $400 million institutional placement aimed at funding strategic investments and new growth initiatives. The SPP aims to raise $25 million, with shares priced at $20.30 each, and is open until December 12, 2024.

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