GNP.ASX: A$200M Placement for Acquisition of MPC Kinetic

A$200M Placement for Acquisition of MPC Kinetic

Stock	Genusplus Group Ltd (GNP.ASX)
Release Time	20 May 2026, 9:16 a.m.
Price Sensitive	Yes

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GenusPlus Announces A$200M Placement for MPC Kinetic Acquisition

Key Points

A$200 million placement to fund MPC Kinetic acquisition
Issue price of A$9.25 per share, 5% discount to last closing price
Placement supported by institutional and sophisticated investors

Full Summary

GenusPlus Group Ltd, a national essential power and communications infrastructure provider, has announced a $200 million (before costs) placement via the issue of approximately 21.6 million fully paid ordinary shares at a price of $9.25 per share. The proceeds will be used to fund a portion of the acquisition consideration for MPC Kinetic Holdings Pty Ltd, which GenusPlus plans to complete by 1 July 2026. The issue price of $9.25 per share represents a 5.0% discount to the last closing price on 15 May 2026 and a 1.5% discount to the 5 trading day VWAP up to and including 15 May 2026. Bell Potter Securities Limited and Euroz Hartleys Limited acted as Joint Lead Managers and bookrunners to the Placement, with MA Moelis Australia acting as Co-Manager.