Rights Issue Prospectus
| Stock | Babylon Pump & Power Ltd (BPP.ASX) |
|---|---|
| Release Time | 21 Jul 2026, 7:05 p.m. |
| Price Sensitive | Yes |
Babylon Pump & Power Ltd Announces Rights Issue Prospectus
- Babylon Pump & Power Ltd plans a rights issue to raise up to $12.7 million
- Eligible shareholders can subscribe for new shares at $0.05 per share
- The offer is partially underwritten by Leeuwin Wealth
- The offer is conditional on shareholder approval at a meeting on 21 August 2026
- The offer closes on 24 August 2026
Babylon Pump & Power Limited (ACN 009 436 908) is conducting a partially underwritten pro-rata non-renounceable rights offer to raise up to approximately $12.7 million. Eligible shareholders can subscribe for up to 253,919,074 new shares at an issue price of $0.05 per share. The offer is partially underwritten by Leeuwin Wealth to the value of $7.27 million and requires shareholder approval at a meeting on 21 August 2026. If approved, the offer will close on 24 August 2026. The offer is conditional on a minimum subscription of 145.4 million shares. The prospectus includes detailed information on the offer, risks, and other relevant details.
Babylon Pump & Power Ltd aims to raise up to $12.7 million through a rights issue.
The company expects to raise up to $12.7 million through the rights issue, subject to shareholder approval.