WQG raises significant capital through share placement

WCM Global Growth (ASX:WQG) has successfully completed a non-underwritten share placement, raising $41.2 million. The company issued 26.4 million shares at $1.56 each. The initiative aims to boost market capitalization and liquidity.

WQG's strategic financial initiatives and future outlook

WCM Global Growth (ASX:WQG) has raised $41.2 million through a share placement, issuing 26.4 million shares at $1.56 each to professional investors. The Share Purchase Plan (SPP) allows shareholders to buy up to $30,000 in shares without fees, boosting market capitalization and liquidity. New and SPP shares are eligible for the Q1 FY2025 dividend of 1.83 cents per share. Managed by WCM Investment Management, LLC, the company has achieved a 14.55% annual return since 2017. WQG's strategy focuses on high-quality global companies and emphasizes economic moats and corporate culture. The company plans to increase dividends progressively through FY2025.

Executive insights on WQG's strategic moves

The successful completion of the placement and the launch of the Share Purchase Plan will allow us to continue to execute our disciplined investment strategy, delivering strong returns for our shareholders. We remain committed to providing a progressive dividend policy and enhancing shareholder value.