PM Capital Global Opportunities Fund Limited (ASX: PGF) has successfully completed its upsized placement, raising approximately $221 million. The company, an ASX-listed investment company, provides investors with an opportunity to invest in global equities, aiming to create long-term wealth through a concentrated portfolio of global and Australian investment securities. The capital raise follows significant support from both existing shareholders and new wholesale and sophisticated investors, enabling the company to expand its scale and shareholder base.
The placement involved the issue of approximately 72.1 million new fully paid ordinary shares at an offer price of $3.07 per share. This offer price was equal to the estimated pre-tax Net Tangible Asset (NTA) per share on Friday, 7 August 2026, meaning the placement is not expected to be dilutive to existing shareholders on a pre-tax NTA per share basis. However, it represented a 10.8% discount to PGF’s ASX closing price of $3.44 on Monday, 10 August 2026. Chris Knoblanche, Chair of PGF, expressed gratitude, stating the placement is an important next step with the potential to increase the company’s scale, broaden its shareholder base, and enhance liquidity. Proceeds will be invested in line with PGF’s existing investment strategy.
Following the successful placement, PGF will offer a non-underwritten Share Purchase Plan (SPP) targeting to raise up to approximately $20 million, with flexibility for the Board to accept applications in excess of this amount due to strong demand. Eligible shareholders, those registered by 7:00pm (Sydney time) on Monday, 10 August 2026, with an Australian or New Zealand address, can apply for up to $30,000 worth of new shares at the same price of $3.07 per share. New shares issued under the placement are expected to commence trading on Thursday, 20 August 2026, and will rank equally with existing shares, including entitlement to the 7.5 cents fully franked dividend for the second half of FY26. The SPP is scheduled to open on Friday, 21 August 2026, and close on Monday, 7 September 2026.
