• Fully underwritten accelerated non-renounceable entitlement offer of new shares
• Placement of new shares to new and existing institutional investors
• Proceeds to be used for strategic initiatives and general corporate purposes

Bapcor Ltd has announced an equity raising comprising a fully underwritten accelerated non-renounceable entitlement offer of new fully paid ordinary shares to eligible institutional and retail shareholders, as well as a placement of new shares to new and existing institutional investors. The equity raising is being undertaken under sections 708AA and 708A of the Corporations Act. The proceeds from the equity raising will be used to fund strategic initiatives and for general corporate purposes. The company has provided detailed information on the terms and conditions of the equity raising, including the timetable, offer structure, and use of proceeds. Bapcor has also included important disclaimers and risk factors for investors to consider. The announcement provides comprehensive details on the company's plans and the rationale for the equity raising.