Successful Completion of $100 Million Placement

Key points

• Successfully completed a $100M non-underwritten institutional placement
• Placement priced at $6.10 per share, a 3.3% discount to last traded price
• Shares to resume trading on ASX on 26 August 2026

Full summary

GR Engineering Services Limited (ASX:GNG) has successfully completed a non-underwritten institutional placement of new fully paid ordinary shares to raise up to $100 million before costs. The placement was priced at $6.10 per share, representing a 3.3% discount to the last traded price of $6.31 on 21 August 2026 and a nil discount to the 10-day VWAP up to and including 21 August 2026 of $6.10. The placement attracted strong support from both existing and new institutional investors. The placement is scheduled to settle on 1 September 2026, with the allotment of new shares expected to occur on 2 September 2026. The Group will also offer eligible shareholders the opportunity to subscribe for up to $10 million in new shares under a non-underwritten Share Purchase Plan (SPP). The SPP offer period will commence on 2 September 2026 and conclude on 23 September 2026, with the allotment of new SPP shares expected to occur on 30 September 2026.