Mirrabooka Investments Limited (the Company or Mirrabooka) has announced a 1-for-7 non-renounceable pro-rata entitlement offer of fully paid ordinary shares in the Company (New Shares) at an Issue Price of $3.06 per New Share to its Australian and New Zealand shareholders and that will raise up to approximately $85 million (the Entitlement Offer). Eligible Mirrabooka shareholders who take up their entitlement in full may also apply for additional New Shares in excess of their entitlement under a Top-Up Facility (subject to scale back at the Company’s discretion). The proceeds of the issue will be used for general investment purposes in furthering the Company’s investment objectives to the benefit of shareholders.
The issue price of $3.06 per New Share is equal to the average of the weekly estimated pre-tax value of the net tangible asset backing per Mirrabooka share over the period from Friday, 4 April 2025 to Friday, 2 May 2025 (inclusive).
Participation in the Entitlement Offer is optional and open to eligible Mirrabooka Shareholders, being holders of fully paid ordinary shares in the Company at 7.00 pm (Melbourne time) on Friday, 9 May 2025 whose address on the Company's share register is in Australia or New Zealand. Further details will be forwarded to shareholders on Wednesday, 14 May 2025.
| Announcement of Entitlement Offer | Tuesday, 6 May 2025 |
| Ex-date for Entitlement Offer | Thursday, 8 May 2025 |
| Record Date for Entitlement Offer | 7.00pm (Melbourne time) on Friday, 9 May 2025 |
| Entitlement Offer opens | Wednesday, 14 May 2025 |
| Dispatch of Offer materials to Eligible Shareholders | Wednesday, 14 May 2025 |
| Entitlement Offer closes (Closing Date) Payment must be received by 5.00pm (Melbourne time) | 5.00pm (Melbourne time) on Monday, 2 June 2025 |
| Commencement of trading of New Shares on a deferred settlement basis | Tuesday, 3 June 2025 |
| Issue and allotment of New Shares under the Entitlement Offer and Top-Up Facility | Tuesday, 10 June 2025 |
| Dispatch of holding statements | Wednesday, 11 June 2025 |
| Commencement of trading of New Shares on a normal settlement basis | Wednesday, 11 June 2025 |