Goodman Group Completes $5.1 Million Share Purchase Plan

An update from Goodman Group ( (AU:GMG) ) is now available.

Goodman Group has successfully completed its Share Purchase Plan (SPP), raising approximately $5.1 million through the issuance of 152,057 new stapled securities at $33.50 each. This follows a $4.0 billion institutional placement, with the new securities set to trade on the ASX, aligning with existing securities. This move strengthens Goodman’s capital base, supporting its strategic growth initiatives in the industrial property sector.

More about Goodman Group

Goodman Group is a global industrial property specialist with operations across key consumer markets in Australia, New Zealand, Asia, Europe, the UK, and the Americas. It is the largest property group on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property globally. Goodman focuses on owning, developing, and managing high-quality sustainable properties, including logistics and distribution centers, warehouses, and data centers, to support the digital economy.

YTD Price Performance: -12.89%

Average Trading Volume: 1,355

Technical Sentiment Consensus Rating: Hold

Current Market Cap: $39.94B

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