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Sandon Capital Investments Limited ( (AU:SNC) ) has shared an announcement.
Sandon Capital Investments Limited has issued 3,504,099 fully paid ordinary shares at A$0.7625 per share to sophisticated investors as part of a previously announced share placement. The new shares were issued without a prospectus under relevant Corporations Act provisions, and an application for quotation has been lodged with the ASX.
The company states it is compliant with its financial reporting and continuous disclosure obligations under the Corporations Act and confirms there is no excluded information that must be disclosed in connection with this share issue. The cleansing notice supports secondary trading of the new shares by confirming regulatory compliance, providing assurance to market participants about the transparency of the capital raising.
More about Sandon Capital Investments Limited
Sandon Capital Investments Limited is an Australian listed investment company trading on the ASX under the ticker SNC. It operates in the financial services sector, focusing on investment activities for its shareholders within the Australian capital markets.
Average Trading Volume: 89,906
Technical Sentiment Signal: Hold
Find detailed analytics on SNC stock on TipRanks’ Stock Analysis page.