PGF.ASX: Successful Completion of Upsized $221 million Placement

Successful Completion of Upsized $221 million Placement

Stock	PM Capital Global Opportunities Fund Ltd (PGF.ASX)
Release Time	13 Aug 2026, 9:45 a.m.
Price Sensitive	Yes

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PGF Announces Successful Completion of $221M Placement

Key Points

Placement raised approximately $221M, upsized from initial target
New shares priced at $3.07, 10.8% discount to recent ASX close
Placement not expected to be dilutive to existing shareholders

Full Summary

PM Capital Global Opportunities Fund Limited (PGF) successfully completed its upsized placement, raising approximately $221 million through the issuance of 72.1 million new shares at $3.07 each. The placement, which was initially planned for a smaller amount, received strong demand from both existing and new investors. The offer price is based on the estimated pre-tax Net Tangible Asset (NTA) per share and is not expected to dilute existing shareholders. The placement is accompanied by a follow-on share purchase plan targeting up to $20 million, which will open on 21 August 2026. The new shares are expected to commence trading on 20 August 2026 and will be entitled to the 7.5 cents fully franked dividend for the second half of FY26.

Guidance

Placement raised approximately $221 million; upsized from initial target

Outlook

The placement and share purchase plan are expected to increase the company's scale, broaden its shareholder base, and enhance liquidity.