Bapcor Completes Retail Entitlement Offer
| Stock | Bapcor Ltd (BAP.ASX) |
|---|---|
| Release Time | 24 Mar 2026, 8:43 a.m. |
| Price Sensitive | Yes |
Bapcor Completes Retail Entitlement Offer
- Retail Entitlement Offer closed on 19 March 2026
- Eligible retail shareholders subscribed for ~34.6 million New Shares, representing ~48% take-up
- Remaining ~37.9 million New Shares will be allotted to sub-underwriters
- Retail Entitlement Offer raised ~A$43.5 million at A$0.60 per New Share
Bapcor Limited ('Bapcor' or the 'Company') has announced the completion of the retail component ('Retail Entitlement Offer') of its 1 for 1.36 pro rata accelerated non-renounceable entitlement offer ('Entitlement Offer') of new fully paid ordinary shares in Bapcor ('New Shares'). The Retail Entitlement Offer closed on Thursday, 19 March 2026, with Bapcor receiving valid applications from eligible retail shareholders for approximately 34.6 million New Shares, representing a take-up of approximately 48% of New Shares available under the Retail Entitlement Offer. Eligible retail shareholders who subscribed for New Shares under the oversubscription facility will receive the full allocation of New Shares for which they applied (up to 35% of their entitlement to New Shares). Approximately 37.9 million New Shares, representing entitlements that were not taken up by eligible retail shareholders under the Retail Entitlement Offer and entitlements of ineligible foreign retail shareholders, will be allotted to the sub-underwriters of the Retail Entitlement Offer. The Retail Entitlement Offer raised approximately A$43.5 million at a fixed price of A$0.60 per New Share. Together with the institutional component of the Entitlement Offer and the 'Pro Rata' Placement announced on Thursday, 26 February 2026 ('Equity Raising'), Bapcor has raised approximately A$200 million in gross proceeds. The net proceeds (after associated fees) will be used to reduce Bapcor's debt in order to enhance financial flexibility and provide headroom to focus on 'getting the engine running' and improving financial returns.