PGF Wholesale Placement and Share Purchase Plan

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Stock PM Capital Global Opportunities Fund Ltd (PGF.ASX)
Release Time 11 Aug 2026, 9:10 a.m.
Price Sensitive Yes
 PGF Announces Placement and Share Purchase Plan
Key Points
  • Placement to raise up to $175 million at $3.07 per share
  • Share Purchase Plan targeting up to $20 million
  • Offer price represents a 10.8% discount to the closing price
  • New shares entitled to the final FY2026 dividend
Full Summary

PM Capital Global Opportunities Fund Limited (ASX: PGF) announced a non-underwritten placement and share purchase plan aiming to raise up to $195 million. The placement seeks to raise up to $175 million, and the share purchase plan targets up to $20 million. The offer price of $3.07 per share represents a 10.8% discount to the closing price on August 10, 2026. New shares issued under the offer will rank equally with existing shares and will be entitled to the final dividend for FY2026. The placement and share purchase plan are expected to enhance liquidity and size of the fund, with no brokerage costs for participating shareholders. Regal Partners will cover all offer costs, ensuring no impact on PGF's net tangible assets.

Guidance

Expected to raise up to $195 million through placement and share purchase plan

Outlook

The placement and share purchase plan aim to grow PGF's assets, increase liquidity, and enhance the attractiveness of PGF to financial advisers and brokers.