SKN.ASX: Skin Elements secures $900k Placement

Skin Elements secures $900k Placement

Stock	Skin Elements Ltd (SKN.ASX)
Release Time	26 Jun 2026, 9:11 a.m.
Price Sensitive	Yes

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Skin Elements Secures $900k Placement

Key Points

Secured $900k placement from sophisticated investors
Funds to support existing product programs
Shares issued at a 25% discount to last close price
New non-executive chairman appointed

Full Summary

Skin Elements Limited (ASX: SKN) has announced a successful placement of fully paid ordinary shares, securing A$900,000 before costs. The placement, aimed at sophisticated and professional investors, will strengthen the company's balance sheet and working capital. The funds will support ongoing projects, including the ECO Nurture natural plant bio-stimulant, SuprCuvr disinfectant, Soleo Organics sunscreen, and PapayaActivs skincare range. Additionally, Roderick Nicholas has been appointed as the non-executive chairman, and the company has reduced the annual base fee for non-executive directors.

Guidance

Raised $900k through placement of shares

Outlook

The raised funds will support the advancement of the company's project programs and strengthen the balance sheet.