Site Group Plans Major Securities Issue

Site Group International Limited (AU:SIT) has released an update.

SITE GROUP INTERNATIONAL LIMITED has announced a new proposal to issue up to 100 million ordinary fully paid securities under a securities purchase plan, with the offer set to close on October 25, 2024. The record date for the proposed offer is September 24, 2024, with an expected issue date of October 28, 2024. This move aims to offer investors an opportunity to purchase additional shares directly from the company.

For further insights into AU:SIT stock, check out TipRanks’ Stock Analysis page.