Share Purchase Plan Offer Open

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Stock Finder Energy Holdings Ltd (FDR.ASX)
Release Time 6 May 2026, 11:18 a.m.
Price Sensitive Yes
 Finder Energy Launches $3M Share Purchase Plan
Key Points
  • Eligible shareholders can apply for up to $30,000 of new shares
  • Offer price of $0.50 per share, a 15.3% discount to last close
  • Funds to be used for KTJ project development and acceleration
Full Summary

Finder Energy Holdings Limited (Finder or the Company) is pleased to announce the opening of a Share Purchase Plan (SPP) to raise up to $3 million. The SPP will provide each eligible shareholder with the opportunity to apply for a maximum of $30,000 of new shares at an offer price of $0.50 per share. This offer price represents a 15.3% discount to Finder's closing share price on 27 April 2026 and a 14.0% discount to the 5-day volume weighted average price. The funds raised under the SPP, along with a $27 million placement to institutional and professional investors, will primarily be used to immediately mobilize additional resources to deliver firm pricing and project schedule for the KTJ Project, procure essential long lead items to accelerate first oil, and for FPSO modification and optimization. The SPP is open to shareholders with a registered address in Australia or New Zealand as at 29 April 2026. Participation is voluntary, and the offer will remain open until 27 May 2026 unless varied or extended.

Guidance

Finder is seeking to raise up to $3 million (before costs) under the SPP Offer.