Navigator Global Investments (ASX: $NGI) Rights Issue Announcement

Navigator Global Investments Limited (ASX: $NGI) has announced a non-renounceable pro rata offer of New Navigator Shares at an offer price of $1.00 per New Navigator Share. The offer aims to raise up to approximately A$96 million (US$64 million) and closes at 5.00pm (AEDT) on 22 December 2023. The Rights Issue is part of the proposed transaction between Navigator and GP Strategic Capital, aiming to accelerate payment of the Redemption Payment and acquire the Profit Distributions retained by GP Strategic Capital Sellers in the NGI Strategic Portfolio for consideration of US$200 million.

Executive Commentary on Navigator Global Investments (ASX: $NGI) Rights Issue

The Rights Issue is a strategic move to facilitate the proposed transaction between Navigator and GP Strategic Capital. It is a crucial step in accelerating payment of the Redemption Payment and acquiring the Profit Distributions retained by GP Strategic Capital Sellers in the NGI Strategic Portfolio. The offer price of $1.00 per New Share represents a 14.7% discount to the theoretical ex-rights price and a 19.4% discount to the Company's closing share price on ASX of $1.24 as at 4 December 2023. We encourage shareholders to carefully review the Rights Issue Booklet and seek professional advice before making any investment decision.

Summary of Navigator Global Investments (ASX: $NGI) Rights Issue

Navigator Global Investments Limited (NGI) has announced a non-renounceable rights issue aiming to raise up to approximately A$96 million. The offer price of $1.00 per New Share represents a discount to the theoretical ex-rights price and the Company's closing share price on ASX. The Rights Issue is part of a proposed transaction with GP Strategic Capital, and the company's strategic goal is to create a growing and diversified alternative asset management company. Shareholders are advised to carefully consider the risks and seek professional advice before making any decisions related to the rights issue. After the issue of New Shares, the capital structure of Navigator is expected to change, and the potential effect of the Rights Issue on the control of Navigator will depend on various factors, including the extent of shareholder participation.