ATV Completion of pro-rata entitlement issue
| Stock | Activeport Group Ltd (ATV.ASX) |
|---|---|
| Release Time | 25 Aug 2025, 6:48 p.m. |
| Price Sensitive | Yes |
Activeport Group Ltd completes pro-rata entitlement issue
- 1 for 2.75 rights issue at 1 cent per share to raise up to $2.5 million
- 72% of new shares subscribed for pursuant to entitlements
- Remaining 28% of new shares offered under the shortfall
Activeport Group Ltd (ASX: ATV) has announced the successful completion of its non-renounceable rights issue, which was announced on 4 August 2025. The 1 for 2.75 rights issue at 1 cent per share aimed to raise up to approximately $2.5 million (before costs) and was fully underwritten. For every 2 new shares issued, eligible shareholders will receive 1 free attaching new option with an exercise price of 2 cents, expiring on 30 November 2028. The subscription results show that 180,660,857 new shares, or 72% of the maximum 249,809,850 new shares offered, were subscribed for pursuant to entitlements. The remaining 69,148,993 new shares, or 28% of the maximum, were offered under the shortfall and were fully subscribed. Alpine Capital Pty Ltd and GBA Capital Pty Ltd acted as Joint Lead Managers and Joint Underwriters to the rights issue. The new securities will be issued on Friday, 29 August 2025, in accordance with the previously announced timetable. Activeport is a software development company that provides orchestration solutions for telecommunications providers and data centre operators, enabling them to improve customer experience through self-service portals and automated service provisioning.