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Sandon Capital Investments Limited ( (AU:SNC) ) just unveiled an update.
Sandon Capital Investments Limited has completed a share purchase plan that raised about $3.07 million from 252 participating shareholders, representing 28% of those eligible, with 4,031,046 new shares to be issued at $0.7625 each. The new shares will be issued on 29 April 2026 and are scheduled to begin trading on the ASX the following day.
The company said proceeds from the share purchase plan, together with funds from a recent placement, will be used for general investment and working capital, leveraging its established investment strategy. Management highlighted that the capital was raised at a price aligned with the company’s pre-tax NTA adjusted for the April dividend and argued that expanding the capital base on these terms is in the interests of all shareholders.
More about Sandon Capital Investments Limited
Sandon Capital Investments Limited is an Australian listed investment company based in Sydney and traded on the ASX under the code SNC. It provides investors with exposure to a portfolio managed under a disciplined, activist-oriented investment approach, aiming to generate returns through targeted investments in listed securities.
Average Trading Volume: 89,495
Technical Sentiment Signal: Hold
For detailed information about SNC stock, go to TipRanks’ Stock Analysis page.