Soul Pattinson Plans New Securities Offer
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Soul Pattinson Plans New Securities Offer

Washington H. Soul Pattinson and Co. Ltd. (AU:SOL) has released an update.

Washington H. Soul Pattinson and Company Limited has announced a proposed non-pro rata offer to wholesale investors and a placement type of issue, as detailed in their newly released Appendix 3B. The document, dated 22 August 2024, outlines that any securities issued will require an International Securities Identification Number (ISIN) and that issued securities may be quoted on the ASX on a deferred settlement basis. This significant move signifies the company’s plans to expand its investor base and potentially increase its capital.

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

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