Navigator Completes Retail Entitlement Offer
Key points
- Completed retail component of A$145M offer
- Retail shareholders took up 38% of entitlements
- Institutional component raised A$134M
- New shares to begin trading June 3, 2026
Full summary
Navigator Global Investments Limited (NGI) has successfully concluded the retail component of its A$145 million fully underwritten 1 for 8.13 accelerated pro rata non-renounceable entitlement offer. The retail offer, which closed on May 26, 2026, saw eligible retail shareholders take up approximately 1.7 million shares, representing 38% of their entitlements. The remaining shares will be allotted to sub-underwriters. The institutional component of the offer, which closed before market open on May 5, 2026, raised gross proceeds of approximately A$134 million. The new shares are expected to be allotted on June 2, 2026, and will commence trading on the ASX on June 3, 2026. NGI reserves the right to amend key dates and times as necessary.
Guidance
New shares to be allotted June 2, 2026; trading to commence June 3, 2026
Outlook
Navigator expects the new shares to rank equally with existing shares from the date of allotment.
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