TUA.ASX: Completion of Share Purchase Plan

Completion of Share Purchase Plan

Stock	Tuas Ltd (TUA.ASX)
Release Time	1 Oct 2025, 8:30 a.m.
Price Sensitive	Yes

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Tuas Ltd Completes Share Purchase Plan

Key Points

Share Purchase Plan well supported, raising $75m
Shares allocated to around 3,000 shareholders
New shares to commence trading on 6 October 2025

Full Summary

Tuas Ltd has announced the successful completion of its Share Purchase Plan (SPP) to support the company's proposed acquisition of M1 Limited (excluding its ICT business). The SPP was well supported, with applications from approximately 3,000 shareholders received for about $75m in application funds, well in excess of the $50m target. To reduce the risk of shareholders holding less than a marketable parcel of securities, Tuas has applied a minimum acceptance for all applications of $500. All eligible applicants will receive an allocation of shares. On 2 October 2025, Tuas will allot approximately 9 million ordinary shares in Tuas to around 3,000 shareholders at the allocation price of $5.51 per share. The new shares will rank equally with existing ordinary shares and will commence normal trading on 6 October 2025.