Megaport Completes Institutional Entitlement Offer
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| Stock | Megaport Ltd (MP1.ASX) |
|---|---|
| Release Time | 5 Jun 2026, 8:58 a.m. |
| Price Sensitive | Yes |
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Megaport Completes Institutional Entitlement Offer
Key Points
- Megaport completed the institutional component of its entitlement offer.
- The offer raised approximately A$518M and attracted a 99% take-up rate.
- New shares will rank equally with existing shares on issue.
Full Summary
Megaport Limited (ASX: MP1) has successfully completed the institutional component of its A$827.3M fully underwritten entitlement offer. The institutional entitlement offer raised gross proceeds of approximately A$518M and will result in the issue of approximately 36.2M new shares. The institutional entitlement offer attracted strong demand from Megaport's eligible institutional shareholders, with a take-up rate of approximately 99%. New shares will rank equally with existing shares on issue. The retail component of the entitlement offer is expected to raise approximately A$309M and will open on 11 June 2026, closing on 29 June 2026.
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