Completion of $35.9 million Placement
| Stock | Count Ltd (CUP.ASX) |
|---|---|
| Release Time | 1 Apr 2026, 9:08 a.m. |
| Price Sensitive | Yes |
Count Ltd Completes $35.9 Million Placement
- Successful completion of $35.9 million fully underwritten institutional placement
- Placement of 34.2 million new shares at $1.05 per share, representing a 7.5% discount
- Proceeds will partially fund the acquisition of Oracle Group businesses
Count Limited (ASX:CUP) has announced the successful completion of a $35.9 million fully underwritten institutional placement. The placement involved the issue of approximately 34.2 million new fully paid ordinary shares at a price of $1.05 per new share, representing a 7.5% discount to the last close price on Monday, 30 March 2026. The placement received strong support from both existing and new institutional investors. The proceeds of the placement will be used to partially fund the acquisition of 100% of the businesses operated by Oracle Advisory Group Pty Ltd, Oracle Accounting (Australia) Pty Ltd, and Oracle Investment Management Pty Ltd (together, the 'Oracle Group'). Completion of the acquisition is expected to occur late in the first half of the 2026 financial year, subject to various conditions precedent including ACCC approval. In addition to the placement, certain directors of Count have committed to subscribe for an aggregate of $315,000 of new shares on the same terms as the placement, subject to shareholder approval. Count is also undertaking a share purchase plan to raise up to $5 million, offering eligible shareholders the opportunity to apply for up to $30,000 of new shares at the same price as the placement.