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An update from Platinum Asset Management Ltd ( (AU:L1G) ) is now available.
L1 Group Limited has announced a proposed issue of securities, which includes a total of 26,315,789 ordinary fully paid securities to be issued under a securities purchase plan, and an additional 301,052,631 ordinary fully paid securities to be issued through a placement. The offer is set to close on November 21, 2025, with the issue date for the securities purchase plan on November 28, 2025, and the placement issue date on November 4, 2025. This strategic move is expected to enhance the company’s capital base and potentially improve its market position, offering stakeholders an opportunity to participate in the company’s growth.
The most recent analyst rating on (AU:L1G) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:L1G Stock Forecast page.
More about Platinum Asset Management Ltd
Average Trading Volume: 2,890,449
Technical Sentiment Signal: Buy
Current Market Cap: A$2.3B
For a thorough assessment of L1G stock, go to TipRanks’ Stock Analysis page.