MFG.ASX: Completion of Share Purchase Plan

Completion of Share Purchase Plan

Stock	Magellan Financial Group Ltd (MFG.ASX)
Release Time	31 Mar 2026, 8:24 a.m.
Price Sensitive	Yes

This feature provides summaries of price-sensitive announcements for companies followed by users on InvestorPA. The summaries are generated by large language models so please interpret with care.

Magellan Completes Successful Share Purchase Plan

Key Points

Raised $20 million target under the Share Purchase Plan
Received $129.4 million in valid applications from 5,195 eligible shareholders
New shares to be issued at $8.45 per share, same as institutional placement

Full Summary

Magellan Financial Group Ltd (ASX: MFG) has announced the successful completion of its Share Purchase Plan (SPP), raising the targeted $20 million. The SPP was strongly supported, with $129.4 million of valid applications received from 5,195 eligible shareholders, representing a participation rate of 17%. The new shares will be issued at $8.45 per share, the same price as the recent institutional placement. Given the high level of demand, the allocation of new shares will involve a scale-back of applications in accordance with the SPP terms and conditions. The new shares are expected to be issued on 1 April 2026 and commence trading on 2 April 2026, ranking equally with existing MFG shares. Where applications were scaled back, refunds of application monies will be processed and paid by direct credit on or around 1 April 2026.