SRG Global Ltd (ASX:SRG) has successfully completed its Share Purchase Plan (SPP), raising approximately $53.2 million, significantly exceeding the targeted $6 million. The SPP allowed eligible shareholders to apply for up to $30,000 of new fully paid ordinary shares at the issue price of $0.83, resulting in the issuance of approximately 7.2 million new shares on September 17, 2024.
The successful completion of the Share Purchase Plan reflects the strong support from our eligible shareholders. The oversubscription demonstrates confidence in our company's growth prospects and strategic initiatives. We are pleased with the outcome and look forward to utilizing the raised capital to further strengthen our position in delivering critical services for major industries.
SRG Global's completion of the Share Purchase Plan has resulted in the issuance of approximately 7.2 million new shares, raising approximately $53.2 million. The strong shareholder support and oversubscription indicate confidence in the company's future. The raised capital will be utilized to enhance the company's capabilities in delivering critical services for major industries, aligning with SRG Global's vision of 'Making the Complex Simple'. The new shares are expected to commence trading on the ASX on September 18, 2024, and will rank equally with existing shares. Shareholders with queries related to the SPP may contact SRG Global's share registry for assistance.